Stock Info
| April 14, 2009 OREBODIES ANNOUNCES APPROVAL OF DEBT SETTLEMENT | |
| TORONTO, April 14, 2009 --- Canadian Orebodies Inc. (TSXV: CO) (the "Company") announces that it has received approval from the TSX Venture Exchange (the "Exchange") for a shares for debt settlement with MacDonald Mines Exploration Ltd. ("MacDonald") and Matrix Aviation Solutions Inc. ("Matrix") as was disclosed in the Company's press release of April 03, 2009. Both MacDonald and Matrix have agreed to settle the debt in exchange for the issuance of common shares in the capital of the Company ("Common Shares") at a price of $0.075 per Common Share, for an aggregate issuance of 1,500,000 and 933,333 Common Shares, respectively. The shares will be subject to a four month + one day hold period, which will expire on August 15, 2009. For more information please contact: Gordon McKinnon, President & CEO Canadian Orebodies Inc. (705) 268-9000 www.canadianorebodies.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. | |
You can view the Next News Releases item: Tue May 12, 2009, Orebodies exercises option on Trump property You can view the Previous News Releases item: Fri Apr 3, 2009, OREBODIES ARRANGES DEBT SETTLEMENT You can return to the main News Releases page, or press the Back button on your browser. |
