Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (the “Company”) (TSX-V: GLD) announces that it has negotiated a shares-for-debt settlement with five creditors. Subject to regulatory acceptance, the Company will issue 2,841,008 common shares at a deemed price of $0.05 per share in settlement of $142,050.41 of debt. The shares to be issued will be 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. All of its properties are in good standing and include the Slate Falls gold-silver property in northwestern Ontario and the Swayze gold property adjoining the multi-million ounce Côté Gold Project owned by Trelawney Mining and Exploration, a subsidiary of IAMGOLD Corporation. For more information, visit www.goldonresources.com or view the current GoldON presentation.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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