2014-04-28 22:54:16 -
Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (TSX-V: GLD) announces that it has negotiated a shares-for-debt settlement with five creditors. The Company will, subject to regulatory acceptance, issue 1,435,985 common shares at a deemed price of $0.05 per share in settlement of $71,799.25 of debt. The issued shares are subject to a four-month hold period.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. Its properties include the Slate Falls and Pickle Lake gold properties in northwestern Ontario and the Swayze Gold Property adjoining IAMGOLD’s multi-million ounce Côté Gold Project in the Swayze Greenstone Belt. For more information, visit www.goldonresources.com
OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Source: GoldON Resources Ltd. (TSX Venture:GLD) goldonresources.com/
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