Tilting Capital Corp. Announces Closing of Shares for Debt Issuance
25 March 2014 - 12:00AM
Marketwired
Tilting Capital Corp. Announces Closing of Shares for Debt Issuance
CALGARY, ALBERTA--(Marketwired - Mar 24, 2014) - Tilting Capital
Corp. (the "Corporation" or "Tilting Capital") (TSX-VENTURE:TLL.H)
announces that it has completed the settlement of outstanding
management fees payable to the President and CEO of the Corporation
in an aggregate settlement amount of $37,500, through the issuance
of an aggregate of 375,000 common shares in the capital of the
Company ("Common Shares"), at a price of $0.10 per Common Share.
The amounts are payable pursuant to the consulting agreement with
the President and CEO. The revised amount has been approved by the
TSX Venture Exchange.
The Common Shares will be subject to a four-month hold period
from the date of issuance in accordance with applicable securities
laws.
The Corporation has determined that exemptions from the various
requirements of TSX Venture Exchange Policies are available for the
issuance of the Common Shares.
Neither the NEX Board, 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 press release.
Tilting Capital Corp.Scott P. Hayduk(403) 560-4951
Tilting Capital (TSXV:TLL.H)
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