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Ed Monton

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Ed Monton

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Saturday, 09/18/2010 6:23:37 PM

Saturday, September 18, 2010 6:23:37 PM

Post# of 140
PharmaGap 1,293,462 shares for debt


2010-09-16 19:56 ET - Shares for Debt


Further to the TSX Venture Exchange bulletin dated July 9, 2009, PharmaGap Inc. has confirmed that the proposed debt settlement of $215,201.44 was not settled as disclosed in the company's news release dated July 16, 2009. The company is now seeking to settle debt in the amount of $219,888.62 to the same creditor. As a result, the exchange has accepted for filing the company's proposal to issue 1,293,462 shares at a deemed price of 17 cents per share to settle outstanding debt for $219,888.62.

Ed

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