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Back to Home » March 2017 News » Michael Stein Announces Settlement of Debt with Danbel Ventures Inc. |
Michael Stein Announces Settlement of Debt with Danbel Ventures Inc. |
March 04, 2017
TORONTO, ONTARIO--(Marketwired - March 3, 2017) - Michael Stein (the "Shareholder") announced today that, his wholly-owned holding company, WFE Investments Inc. ("WFE"), agreed to settle an aggregate amount of $305,258.40 in various loans and interest owing by Danbel Ventures Inc. (the "Company") to the Shareholder in exchange for the issuance of 5,500,000 common shares (the "Settlement Shares") of the Company at a price of $0.0555 per Settlement Share pursuant to a debt settlement agreement dated March 3, 2017 (the "Debt Settlement").
Source URL: http://www.marketwired.com/mw/release.do?id=2200522&sourceType=3
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