Northisle Copper and Gold Inc. Announces Debt Settlement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 20, 2016) - Northisle Copper and Gold Inc. (TSX VENTURE:NCX) announces that it has entered into a debt settlement agreement with a major creditor pursuant to which a $125,000 of indebtedness is to be satisfied by the issuance of 2,500,000 common shares at a deemed price of $0.05 per share, subject to regulatory acceptance.
On behalf of Northisle Copper and Gold Inc.,
John McClintock, President, CEO and Director
Neither the 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 news release.
This news release may contain forward-looking statements based on assumptions and judgements of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.
Contact
Northisle Copper and Gold Inc.
John McClintock
President, CEO and Director
info@northisle.ca
www.northisle.ca