Business News • MarketWire • Tilting Capital Corp. Announces Closing of Shares for Debt Issuance |
Tilting Capital Corp. Announces Closing of Shares for Debt Issuance |
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Tilting Capital Corp. Announces Closing of Shares for Debt Issuance
CALGARY, ALBERTA--(Marketwired - Oct. 24, 2014) - Tilting Capital Corp. (the "Corporation") (NEX:TLL.H) announces that it has completed the settlement of outstanding management fees payable to the Chief Executive Officer of the Corporation in an aggregate amount of $18,000, through the issuance of an aggregate of 150,000 common shares in the capital of the Corporation ("Common Shares") at a price of $0.12 per Common Share. The amounts are payable pursuant to the consulting agreement with the Chief Executive Officer. The Common Shares issued in connection with this debt settlement are subject to a four month hold period that expires on February 25, 2015.
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