Stem 7 Capital Proposes Shares for Debt Settlement
STEM 7 Capital Inc.
Suite 202 - 750 West Pender Street Vancouver, British Columbia V6C 2T8
NEWS RELEASE
Stem 7 Capital Proposes Shares for Debt Settlement
October 2, 2015 - Vancouver, B.C. – Stem 7 Capital Inc. (TSXV.NEX: STS.H, Frankfurt: T9NB) (the “Company”) announces that it has agreed to settle up to $154,400 of debt with creditors by issuing up to 3,088,000 common shares at a deemed price of $0.05 per share. The amount of indebtedness represents outstanding amounts for monies advanced for services or goods provided to the Company.
The issuance of shares in connection with the debt settlement is subject to the approval of the TSX Venture Exchange and subject to a four-month hold period.
For additional information, please contact:
Dave McMillan Chairman & Chief Executive Officer 1-778-773-4560 [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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