Silver Shield Resources Corp., Announces Debt Settlement Agreement with Creditors
TORONTO, ON / ACCESSWIRE / July 2, 2015 / Silver Shield Resources Corp., (TSXV: SSR.H), (the "Corporation") announced today that pending final approval from the TSX Venture Exchange, the Corporation has agreed to issue an aggregate of Three Million, Three Hundred & Twenty-Eight Thousand, Six Hundred & Twenty Five ("3,328,625") Shares at a deemed price of $0.10 per Share to settle debts owed to arm's length and non-arm's length parties. All Shares issued in connection with the shares for debt transaction are subject to TSX Venture Exchange approval and to a four-month statutory hold period, in accordance with applicable securities legislation. The Corporation also announced today that it has extended the closing date of its current private placement. The new closing date is to occur on, or around July 31st, 2015.
For further information please contact:
Mr. Frank Kordy
Interim CEO
Silver Shield Resources Corp.
T: (647) 466-4037
E: frank.kordy@silvershieldresources.net
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Silver Shield Resources Corp.
