Vecta Energy Corporation Issues Shares for Debt
02 10월 2010 - 2:26AM
Marketwired Canada
Vecta Energy Corporation ("Vecta") (TSX VENTURE:VER) announced that it has
issued 1,400,000 common shares to Rembrandt Resources Ltd in satisfaction of
accounting fees owing to its principle, who is Vecta's Controller. The liability
accumulated over a 14 month period as a result of the Company's 2009 cash
conserving actions that significantly reduced cash compensation. The shares must
be issued at a minimum of $0.05 each under TSXV regulations. Vecta's shares have
traded at an average of $0.016 over the past month and the last trade was $0.02.
This issue of shares is subject to approval by the TSX Venture Exchange.
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and specify "Vecta Press Releases" in the subject line.
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