Saville Resources Inc. Announces Debt Settlement Approval
Suite 1450 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
Phone: 604-681-5168 Fax: 604-681-8240
Saville Resources Inc. Announces Debt Settlement Approval
December 18, 2017 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the "Company") wishes to
report that the TSX Venture Exchange has accepted for filing a debt settlement arrangement
pursuant to which the Company has issued 3,650,000 shares at a deemed price of $0.06 per share
to settle outstanding debt of $219,000. The shares issued pursuant to the settlement
arrangement are subject to restriction on resale to April 12, 2018.
In connection with the debt settlement transaction, Zimtu Capital Corp. (“Zimtu”), of Suite 1450
– 789 West Pender Street, Vancouver, B.C., V6C 1H2 has acquired 3,650,000 common shares of
the Company. Immediately prior to the completion of the transaction, Zimtu owned 296,000
common shares of the Company. Following completion of the debt settlement transaction, Zimtu
currently has ownership of and control over 3,946,000 common shares of the Company
representing approximately 17.1% of the issued and outstanding common shares of the
Company.
ON BEHALF OF THE BOARD
SAVILLE RESOURCES LTD.
“Mike Hodge”
Mike Hodge
Director
Tel: 604.681.1568
Email: [email protected]
Neither the 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.