Grenville Gold Corp GVLGF

Grenville plans to issue 2.18 million shares for d

[rjmale]

https://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:GVG-1674736&symbol=GVG&news_region=C

Grenville plans to issue 2.18 million shares for debt

2009-12-18 16:34 ET - News Release

Mr. Paul Gill reports

GRENVILLE PROPOSES SHARES FOR DEBT SETTLEMENT

GrenvilleGold Corp. intends to settle a total of $109,124 of debt by theissuance of 2,183,879 common shares of the company having a deemedvalue of five cents per share.

All securities in connection with the shares-for-debt settlement willbe subject to a statutory hold period of four months plus a day fromthe date of issuance in accordance with the applicable securitieslegislation.

Closing for the shares-for-debt settlement is subject to a number ofconditions, including receipt of all necessary corporate and regulatoryapprovals, including the TSX Venture Exchange.

[Windigo69]

GAWD that won''t help the s/p,,,2.18 million shares to keep the wolves at bay.glta

[rjmale]

Nice to know someone else looks in here occasionally. I figure with the sp where it's at right now, a little extra dilution won't make that much difference. This is one of my beginner's mistakes. I hang on to my paltry number of GVG shares just to remind myself not to do such a damn fool thing again as throw away my money needlessly. And there's always the faint chance of a spike.

[tommygavin]

who was the debt owed to...........thanks