Green Leaf Innovations Inc (GRLF)

[$b_rich$]

absolutely! Here's from an earlier update as well...looks like they're going to try to get this done within the current A/S as well, so this is just an added bonus for us shareholders here:

DEBT SETTLEMENTS, SHARE STRUCTURE

The management of Gold Coast has and continues to maintain the goal of settling past obligations and funding its joint venture project within its current authorized shares and without any toxic financings or reverse splits. In keeping with that agenda, the Company has settled several past obligations of the Company that would have totaled $25,000 and up to 300mm in share issuances. These obligations were settled for the issuance a 50mm new shares as well as the repurchase by the Company of 25mm previously issued shares for a purchase price of $50,000. As a result of these settlements and the repurchase of 25mm previously issued shares, the Company has 629,887,086 shares outstanding. The Company does not foresee the need for any additional share issuances in the near term other than, when eligible, the exercise of the warrants and 40mm preferred shares that are part of funding the Company's Gold Star joint venture. As previously announced, there are 10mm warrants exercisable at $.10 per share and 10mm warrants exercisable at $.15 per share. The 40mm preferred shares are convertible on a 1 for 1 basis.


PR Newswire (http://s.tt/1bIvK)