Silver Shield Again Announces Shares for Debt Settlement
20 Giugno 2012 - 8:05PM
PR Newswire (Canada)
BURLINGTON, ON, June 22, 2012 /CNW/ - Silver Shield Resources
(SSR-TSXV) has reached agreement with a number of Creditors for
settlement of debt for shares , and will issue up a total of
6,183,428 shares to settle $ 618,342.84 of debt, subject to
TSX-V approval. All debt retired is from normal Trade Payables and
were approved by the shareholders at the companies September
28,2011 annual general meeting. Debt in the amount of $
446,067.00 is due to a private company controlled by three of
the directors of Silver Shield Resources Corp. The circular
outlining the shares for debt is available on sedar.com. Management
is pleased that this debt is being retired at a substantial premium
to market and strengthens the companies balance sheet immensely.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Silver Shield Resources Corp. CONTACT: Tim Towers, CEO at
(289)-337-6162Email: silvershield@cogeco.net
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