Glacier Lake to Complete Debt Settlement
Suite 2000 – Oceanic Plaza, 1066 West Hastings Street, Vancouver, BC V6E 3X1
O: 604-688-2922 TF: 866-687-7059 www.glacierlake.ca
GLACIER LAKE TO COMPLETE DEBT SETTLEMENT
Vancouver, British Columbia – August 22, 2017 – Glacier Lake Resources Inc. TSXV: GLI – (“Glacier” or
the “Company”) is pleased to announce that further to its news release of August 9, 2017, the Company
will now proceed with the issuance of the first tranche of common shares owing in connection with its
online advertising, m arketing and branding services agreement with AGORACOM (the “ Services
Agreement”).
Pursuant to the terms of the Services Agreement, a total of 90,000 shares will be issued at a deemed
price of $0.105 per share. In accordance with the terms of the Services Agreement, the Company is
required to complete additional share issuances to AGORACOM as services are provided in the future.
The Company has also reached an agreement with an arm’s length creditor to settle outstanding
indebtedness totaling $ 8,250.00 (the “ Indebtedness”). The Indebtedness will be satisfied by the
issuance of 78,572 shares at a deemed price of $0.105 per share.
Completion of the issuance of shares to AGORACOM and in settlement of the I ndebtedness remains
subject to the approval of the TSX Venture Exchange. All shares issued in connection with both
transactions will be subject to a four-month-and-one-day hold period.
On behalf of the Board of Directors
GLACIER LAKE RESOURCES INC.
Saf Dhillon
President, Chief Executive Officer, Director
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Saf Dhillon
President/CEO
Glacier Lake Resources Inc.
Tel: 866-687-7059
Dir: 604-688-2922
Please visit our Website at: www.glacierlake.ca
Neither the 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.