Western Troy Announces Debt Settlement and Termination of Proposed Private Placement

Dec 03, 2019

TORONTO, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Western Troy Capital Resources Inc. (NEX: WRY.H) (“Western Troy” or the “Company”) is pleased to announce that it has agreed to settle an aggregate of $87,100.44 of indebtedness owed to certain arm’s length and non-arm’s length creditors through the issuance of 1,742,008 common shares (“Common Shares”) of the Company at a price of $0.05 per Common Share (the “Debt Settlement”). All Common Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months and a day from the date of issuance in accordance with applicable securities laws.

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