Post by
ELASSOWIPO on Nov 07, 2017 1:46pm
CHTA ENTERS INTO FINAL DEBT SETTLEMENT (RELEVANT OLD NEWS)
The TSX Venture Exchange has approved the issuance of Six Hundred and Ninety-Eight Thousand, Eight Hundred and Fifty ("698,850") common shares of Cheetah Canyon Resources Corp., to Gunpowder at a deemed price of Ten Cents ("$0.10") CDN per common share to settle the remaining outstanding debt balance owed by Cheetah - formally Cardiff Energy Corp., - to Gunpowder. With this issuance Cheetah has now paid, in full, the loan it previously owed Gunpowder. In total, and combined with the first issuance of One Million ("1,000,000") Cheetah common shares to Gunpowder (see press release dated Jan 6th, 2017), Gunpowder now owns One Million Six Hundred and Ninety-Eight Thousand, Eight Hundred and Fifty ("1,698,850") common shares of Cheetah Canyon Resources Corp. At the date of this press release, Gunpowder's shareholdings in Cheetah represented a 9.78% ownership percentage stake. AUG 2017 OLD CHTA NEWS BUT RELEVANT "ELASSOWIPO"