PentaNova Energy Corp. Announces Shares for Debt Settlement
09 September 2017 - 8:16AM
PR Newswire (Canada)
VANCOUVER, Sept. 8, 2017 /CNW/ - PentaNova Energy Corp. (the
"Company") (TSXV: PNO), announces that, subject to the
approval of the TSX Venture Exchange, it has agreed to
settle $298,743.40 in outstanding indebtedness through the
issuance of an aggregate of 746,858 common shares at a price
of $ 0.40 per share. The Company is issuing shares for
debt to preserve capital from the recent financing. The
shares issued under the debt settlement will be subject to a hold
period of four months and one day from the date of issuance.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE PentaNova Energy Corp.
Copyright 2017 Canada NewsWire
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