RE:NREncouraging but debt for shares is pure dilution as services likely provided, it will hit the income statement, and it only really represents the ability to settle without using cash. Would be interesting to know the creditors receiving this "gift". ...why not wait a week and offer shares at more???
ITrade wrote:
VANCOUVER, B.C. -TheNewswire -July 31, 2020- Hillcrest Petroleum Ltd.(TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest"), updates our shareholders that both parties involved in the Licensing agreement of US Patented, electrical generation technology, have agreed to extend the closing date from August 1stto August 10th, 2020. The parties do not anticipate the need for further extensions.