True North Energy Corp. (TNEN)

[kazzz3]

so kittie88 ,the bottom line is we better hope he payed off the toxic lenderand if he did i am sure he would of news it out by now and i have not found anything yet showing it was payed ...the share are more then what you think ...

SPRING, TX / ACCESSWIRE / December 7, 2015 / True North Energy Corp. (TNEN) ("True North"), announces that it has accepted a subscription ("Subscription Agreement") from an investor ("Investor") to acquire new shares of the Company equal 19.98% at February 29 2016 under Regulation S. The investor subscribed for these shares for a total cash price of USD $200,000 in periodic payments until the final payment on February 29, 2016. The Company has received $50,000 of the $200,000 to date.

President of True North, Gilbert Steedley, said, "True North is pleased about this subscription and plans to use the funds for working capital and to reduce outstanding obligations. These funds, and diversification into the Italian fashion arena, are both positive steps to increasing shareholder value."

As of Friday December 4 2015, the total outstanding common shares of True North were 4,721,699.