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Message: GoldON Resources Arranges Debt Settlement
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Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (TSX-V: GLD) announces that it has negotiated a shares-for-debt settlement with four creditors. The Company will, subject to regulatory acceptance, issue 1,257,600 common shares at a deemed price of $0.05 per share in settlement of $62,880.00 of debt. The issued shares are subject to a four-month hold period.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. The Company’s properties include the Slate Falls gold-silver property in northwestern Ontario, and the Swayze gold project adjoining IAMGOLD’s multi-million ounce Côté Gold Project in the Swayze Greenstone Belt. For more information, visit www.goldonresources.com
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: info@goldonresources.com
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/goldon10152014.pdf
Source: GoldON Resources Ltd. (TSX Venture:GLD) http://goldonresources.com/
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