" The TSX Venture Exchange has accepted for filing the company's proposal to issue one million shares at a deemed price of 16 cents per share to settle outstanding debt for $160,000.

Number of creditors: one creditor

The company shall issue a news release when the shares are issued and the debt extinguished."



Apparently the creditor excnanged debt for 1 million shares. At least that is my take on it.

Along with the Chinese investors, this would make the long-term investors 13,458 strong :)