Raystar Capital Ltd. to Settle Outstanding Indebtedness
14 April 2010 - 7:15AM
Marketwired
Raystar Capital Ltd. (TSX VENTURE: RYA.H) (the "Company") is
pleased to announce that it has reached agreement with a creditor
of the Company, who is also an insider of the Company, to convert
outstanding debt into common shares of the Company.
The total amount of debt to be converted is $125,000. A total of
2,272,727 common shares will be issued at a deemed price of $0.055
per share in full settlement of the debt.
The debt settlement agreements are subject to approval of the
TSX Venture Exchange.
Edward Farrauto, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Raystar Capital Ltd. Edward Farrauto 604-687-3992
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