Alliance Growers Corp ALGWF

Shares for Debt Settlements - News Release

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ALLIANCE GROWERS CORP. ANNOUNCES SHARES FOR DEBT SETTLEMENTS October 6, 2016 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG) (the “Company”) announces that, in settlement with certain of its creditors for previously incurred debts, and pursuant to the director and advisory services agreements and consulting agreements entered into with each of its three directors and its three advisors, together with services agreements with its CFO, its CEO, and certain consulting contracts, whereby the Company agreed to pay fees plus issue common shares for each month of service to the aforementioned parties, the Company will issue an aggregate of 947,000 common shares of the Company at a deemed price of $0.12 per share. For more information please contact: Dennis Petke President and CEO Tel: [phone] [e-mail] THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.