RE:Canadian InsiderIt sort of was announced, the convertable debentures were exchanged for shares. From the December 30th release:
Arthur Millholland, the Company’s Chief Executive Officer is participating in the Placing for £115,000 to acquire 57,500,000 Units and Directors and the Company Secretary have subscribed for a total of 15,475,000 Units as detailed herein.
£115,000 is equivalent to C$200,000