National Gold (NGT)

[pjf]

National Gold to square away debt with shares
National Gold Corp NGT
Shares issued 30,728,990 Jan 16 2003 close $ 0.39
Friday January 17 2003 News Release

Mr. James McDonald reports
National Gold has agreed to settle $88,910.26 in debt to trade suppliers in exchange for shares at a deemed price of 40 cents per share or 222,275 shares. The settlement is an arm's-length agreement and is subject to regulatory approval.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com

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More dilution of shares. At least it's at a decent price. Not sorry to see debt being paid either.