Shield Gold Inc. Announces Debt Settlement
The Debt payable to the arm's-length party totaled $19,775.00 and the Company has settled the same by issuing an aggregate of 329,583 common shares at a deemed price of $0.06 per share to Euro Pacific Canada Inc.
All securities issued will be subject to a hold period of four months plus one day. The Shares for Debt Settlement is subject to regulatory approval. The Company will have 26,637,819 shares outstanding (32,488,273 fully diluted) after completion of the Shares for Debt Settlement transaction.
About Shield Gold Inc.: Shield is a junior exploration company whose mission is the discovery and development of high quality precious metal, base metal and mineral resources. The Company's graphite exploration programs are located in the Buckingham and Lochaber Townships of southwestern Québec. The Company has also entered into an option and joint venture agreement with Eloro Resources Inc. on the Summit-Gaber property in the La Grande Greenstone Belt in the James Bay region of Québec.
Further information regarding Shield can be found on the Company's website at: www.shieldgold.com.
For more information, please contact:
Shield Gold Inc.
Paul A. Gorman, CEO
Tel.: 416-768-6101
Email: paulgorman70@gmail.com
Paul R. Ankcorn, CFO
Tel: 416- 414-9171
E-mail: pankcorn@bellnet.ca
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