Plate Resources Inc. Announces Shares for Debt
August 29, 2016 - VANCOUVER, BRITISH COLUMBIA. – Plate Resources Inc. (TSX-V: PLR) (the “Company”) announces, further to its news release of July 29, 2016, the completion of the shares for debt transaction.
The Company has issued 2,486,020 common shares at the price of $0.05 per share for settlement of $124,301.00 of outstanding debt to 5 (five) Creditors, including the following Insider participants.
Creditor Amount owed Shares issued
Columbia Capital Inc. $26,801.00 536,020
JNS Global $17,500.00 350,000
Vivkor Holdings Inc. $17,500.00 350,000
Lakithra Management $17,500.00 350,000
Marc Melnic $45,000.00 900,000
ON BEHALF OF THE BOARD
Interim Chief Executive Officer and Director
About Plate Resources Inc:
Plate Resources Inc. (TSX-V: PLR) is a Canadian based company with a project generator business model. Although the Company’s primary business focus since formation has been the exploration of mineral properties, it is now seeking new business opportunities that offer the potential for near term cash flow to create shareholder value.
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