Carlyle Acquires Mineral Exploration Company

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Carlyle has announced the acquisition of a mineral exploration company in a debt settlement deal worth $39,750. The deal sees Carlyle issue shares to the insider parties involved as payment for their outstanding debt.

Vancouver, British Columbia-- -") of the Company and a consultant of the Company as payment of debt in the aggregate amount of $39,750 . The issuance of the Shares to the Insiders is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5 as the Company's Shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will complete the Debt Settlement as anticipated.

 

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