that it plans to raise $150,000 for working capital and administrative expenses the details of which are below.”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issue
The Comapny also wishes to announce the settlement of up to $366,402 of debt with the issuance of 36,640,200 common shares priced at $0.01 per share. Management and directors will be participating in the debt settlement for a total of $189,750. All securities issued in these offerings are subject to a 4-month hold period from the date of closing.
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