UC Resources Ltd.: Shares for Debt
25 November 2010 - 6:51AM
Marketwired
UC Resources Ltd. (TSX VENTURE: UC) - The Company wishes to
announce it has agreed to issue a total of 1,235,250 shares for
debt, at a price of $0.10 per share, to extinguish a debt in the
amount of $123,525. The debt was originally incurred as a loan in
2008, as disclosed in the Company's financial statements. Trading
in the shares issued for the debt will be subject to a four month
and a day hold period from the date of distribution.
The issuance of shares for debt is subject to TSX Venture
Exchange approval.
On behalf of the Board of Directors,
Jim Voisin, President & CEO
UC Resources Ltd.
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: UC Resources Ltd. Jim Voisin President & CEO
604.681.7265 or Toll Free: 800.366.8566 604.608.6163 (FAX)
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