Shares for debt. Southstone Minerals Ltd. has agreed to settle outstanding indebtedness in the sum of $705,456.75 by the issuance of 7,524,872 common shares in the capital stock of the company at a price of 9.375 cents per share, which transaction is subject to the approval of the TSX Venture Exchange.
CC Mining Ltd. has agreed to settle indebtedness in the sum of $498,363 by the issuance of 5,315,872 common shares, resulting in CC Mining holding 19.9 per cent of the outstanding shares of the company. In addition, two directors have agreed to settle indebtedness for an aggregate sum of $207,093.75 by the issuance of an aggregate of 2,209,000 common shares.