Ardonblue Ventures Inc. Arranges Debt Settlement
4005 – 1011 West Cordova Street, Vancouver, British Columbia V6C 0B2 Telephone: (604) 408-1990 Fax: (604) 608-4822 [email protected]
NEWS RELEASE
ARDONBLUE VENTURES INC. ARRANGES DEBT SETTLEMENT
Vancouver, B.C. – June 26, 2014 – Ardonblue Ventures Inc. (the “Company”) (ARB-TSXV) is pleased to announce it has made arrangements to issue 14,183,724 shares at $0.05625 per share in satisfaction of $797,834.47 owed to trade creditors, lenders and directors. All shares issued will be subject to a four month hold period from the date of issue. The proposed debt settlement is subject to acceptance by the TSX Venture Exchange and will result in Clive Brookes, a director of the Company, becoming a control person. Accordingly, the Company intends to seek disinterested shareholder approval for the debt settlement and the creation of a control person at its 2014 Annual General and Special Meeting scheduled for July 24, 2014.
On behalf of the Board of Directors,
Clive Brookes
Clive Brookes President and Director
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.