Nass Valley Gateway Ltd.: Announces Debt Settlement
17.09.2014 | CNW
RICHMOND, Sept. 16, 2014 - Nass Valley Gateway Ltd. (the "Company" or "Nass Valley") is pleased to announce that the Company has agreed to accept shares of Kirkland Precious Metals Corp. ("KPM") in lieu of cash for the repayment of $22,006 of administrative services, cash advances Company. KPM is a reporting Company but has not yet submitted an application for listing its securities on any stock exchange. Nass Valley and KPM are affiliated through three common directors.Nass Valley's Board of Directors has approved the settlement which will see the Company receive 440,120 common shares of KPM at a deemed price of $0.05 per share as payment for the balance owed. The Board of Directors believes that this is a fair settlement for all parties involved.
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Contact
Nass Valley Gateway Ltd.
Dieter Peter, President & CEO
Phone: 604-278-1132