shares for debt
posted on
May 22, 2015 09:05PM
UC Resources Announces Completion Of Shares For Debt
Friday, May 22, 2015
UC Resources Announces Completion of Shares for Debt17:00 EDT Friday, May 22, 2015
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2015) - UC Resources Ltd. (the "Company") (TSX VENTURE:UC), having received regulatory approval and pursuant to the news release of May 7, 2015, announcing the debt settlement, has fully satisfied and extinguished past debt owed to Sunvault Energy Inc. ("Sunvault") by the Company in the amount of $80,000 by the issuance of a total of 1,600,000 common shares of the Company at a deemed price of $0.05 per share to Sunvault.
These securities are subject to a four-month hold period and may not be traded until September 22, 2015.
On behalf of the Board of Directors,
Larry Faulk