New Klondike Exploration Ltd.: Completes Debt Settlements
![New Klondike Exploration Ltd.: Completes Debt Settlements](https://www.minenportal.de/media/goldseiten-news.jpg)
One of the creditors, Sears Barry & Associates Limited ("SBA"), is a non-arm's length party as 50% of SBA is owned by Mr. Seymour Sears, P. Geo., a director of New Klondike. SBA's charge for Mr. Sears' professional services totalling $22,400 was settled by the issuance of 448,000 common shares of New Klondike. The second creditor, Mr. Hillar Pintson, P.Geo., is an arms-length party to the Company. Mr. Pintson's charge for his professional services totalling $17,235 was settled by the issuance of 344,700 common shares of New Klondike. The common shares issued in connection with the debt settlements are subject to a four-month hold period expiring on March 11, 2015.
About New Klondike
New Klondike is an Ontario focused mineral exploration and development company with a primary objective of exploring for and developing base and precious metal deposits on its Goldstorm Project. The Company presently has 20,415,545 common shares issued and outstanding.
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Contact
New Klondike Exploration Ltd.
Michael Coulter, President
416-368-3332
info@newklondike.com
www.newklondike.com