Kerr Mines Inc (2)
Symbol§C : KER
Shares Issued 109,811,664
Close 2014-12-10 C$ 0.08
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Kerr Mines issues 1.26 million shares for debt
2014-12-11 15:47 ET - News Release
Mr. Greg Gibson reports
KERR MINES SETTLES $0.5 MILLION OF INDEBTEDNESS
Kerr Mines Inc. has entered into debt conversion agreements with various creditors, pursuant to which the company has settled an aggregate of $551,991 of indebtedness of Kerr and its wholly owned subsidiary, American Bonanza Gold Corp., through the issuance of an aggregate of 1,260,710 common shares at a price of between 30 cents and 70.7 cents per common share.
The common shares issued pursuant to the debt settlement are subject to a four-month hold period, expiring on April 11, 2015. Completion of the transaction remains subject to final acceptance of the Toronto Stock Exchange.
We seek Safe Harbor.
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