money troubles I see! Wish they would give a news release as where do they stand, sounds like they have no money left.
TRELAWNEY PROPOSES ISSUANCE OF SHARES IN LIEU OF PAYMENTS
January 6, 2009 - Toronto, Ontario - Trelawney Resources Inc. (the “Company”)
(TSXV: TRR)
announces
that it has agreed to settle an aggregate of $7,500 of indebtedness through the issuance an aggregate of
500,000 common shares (“Common Shares”) of the Company at a price $0.015 per share, in consideration
for services to be provided by certain consultants and officers of the Company in the first quarter of 2009.
In addition, the Company has agreed to the settlement of monthly rent payments of $1,600, through the
issuance of 106,667 Common Shares to the lessor of the property at a price of $0.015 per share.
The issuance of the Common Shares is subject to the approval of the TSX Venture Exchange.
For further information contact: Wayne J. O’Connor, President and CEO
416-361-2826 or
wayne@trelawneyresources.com
Shares Issued
: 88,752,688
The
troubles I see! Wish they would give a news release as where do they stand, sounds like they have no money left.
