Yuka Group Inc. (YUKA)

[crudeoil24]

HUGE CATALYST: Novating debt!!!!! > read: Florida-April 12, 2018 /RSS FEED -- Grand Capital Ventures Inc. (OTC PINK: GRCV)
announced today that the Company will be novating a large amount of corporate debt. The Company will
accomplish this by purchasing various debt pieces with Series Preferred B Shares. The Company
currently has approximately 900 K in Long Term Convertible Debt (including interest). The Company
hopes to novate a large amount of this debt into Series B Preferred. The process the Company will offer to
its debt holders would allow for a partial forgiveness of interest and novating the balance of each note into
Series B Preferred.
The benefits to the Company are significant. One such benefit is that the Notes will no longer be accruing
interest. Another benefit is that the debt will be removed from the balance sheet as a liability.
The first piece of debt reduction has been agreed upon with an unnamed creditor. The documents are
being generated and executed and the Series B will be issued next week. This one transaction reduces the
Company’s debt by 75K. The Company hopes to negotiate the reduction of debt in this manner with
many of the Company’s creditors in the coming months.
These debt removals are another part of the Company’s commitment to enhancing shareholder value as a
part of its goal of attracting subsidiaries that bring increased revenue and positive potential to the
Company.