IC Capitalight Completes Shares For Debt Settlement (Jan 28, 2020)
IC CAPITALIGHT COMPLETES SHARES FOR DEBT SETTLEMENT
NEWS RELEASE – January 28, 2020
IC Capitalight Corp. (CSE:IC) (“Capitalight” or the “Company”) announces the completion of a shares for
debt settlement whereby the Company has settled a total indebtedness of $44,636 by issuing 892,707
common shares at a price of $0.05 per common share. This was completed pursuant to certain employment
agreements that contain provisions for the issuance of shares as part of the annual compensation of the
employees.
All common shares issued in connection with the shares for debt settlement will be subject to a minimum
four-month hold period as required by Canadian securities laws. The Company has obtained conditional
approval from the Canadian Securities Exchange (the “CSE”) for the listing of all common shares and is
subject to receipt of final approval of the CSE.
About IC Capitalight Corp.
IC Capitalight Corp. is a merchant bank that pursues value-based investment opportunities in accordance
with its internal investment policies. The Company’s focus is to provide shareholders with long-term capital
growth by investing in a portfolio of undervalued companies, assets, or investment vehicles within the
mineral resource and other sectors. The Company currently holds a portfolio of debentures, owns mineral
exploration properties in Quebec, and owns 100% of Murenbeeld & Co. Inc., which operates a subscription
research business.
For further information, please contact
Brian Bosse
CEO and Director
P: 866.653.9223
Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities
legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other
factors that could cause actual results, performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements. Forward-looking statements in this news
release include, but are not limited to, statements regarding: the debentures; (ii) the mineral exploration
properties; and (iii) the operations of Murenbeeld & Co Inc. Forward-looking statements are necessarily
based on a number of estimates and assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties and other factors that may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking statements. Such factors include, but
are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments; and other risks outside of the
Company’s control. Additional risk factors are included in the Company’s Management’s Discussion and
Analysis, available under the Company’s profile on SEDAR at www.sedar.com. Although the Company
believes that the assumptions and factors used in preparing the forward-looking statements are reasonable,
undue reliance should not be placed on these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur in the disclosed time frames or at all.
Except as required by applicable laws, the Company disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new information, future events, or otherwise.