Mainstream Minerals Corporation Enters Into Debt Settlement Agreement
March 11 2014 - 5:44PM
Marketwired
Mainstream Minerals Corporation Enters Into Debt Settlement
Agreement
TORONTO, ONTARIO--(Marketwired - Mar 11, 2014) - Mainstream
Minerals Corporation (the "Company") (TSX-VENTURE:MJO) announces
that it has entered into debt a settlement agreement with an arm's
length party of the Company pursuant to which the Company has
agreed to issue an aggregate of 2,000,000 common shares ("Common
Shares") of the Company at a deemed price of $0.05 per Common Share
(the "Debt Settlement") in settlement of an aggregate of $129,750
of indebtedness.
The Debt Settlement is subject to TSX Venture Exchange (the
"Exchange") acceptance. The Company will close the Debt Settlement
and issue the Common Shares once the Debt Settlement has been
accepted by the Exchange. The Common Shares issued pursuant to the
Debt Settlement are subject to four-month hold period.
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements.
Mainstream Minerals CorporationDavid ReidDirector, Business
Development705.254.8303dave@grgibson.com