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Show printable version of 'Debt Settlement' in a New Window
 Fri Mar 2, 2001
Debt Settlement

 Sultan Minerals Inc. (SUL-cdnx) has agreed to settle indebtedness with one creditor, subject to acceptance for filing by regulatory authorities. The Company has agreed to issue a total of approx 885,531 common shares at a price of $0.10 per share, subject to a hold period, in satisfaction of indebtedness in the amount of $88,553.16. The Company expects that the proposed debt settlement will assist the Company in maintaining the minimum required working capital.


A.G. Troup, P.Eng.
President

For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com

Ticker Symbol: SUL-cdnx
SEC 12g3-2(b): 82-4741


No regulatory authority has approved or disapproved the information contained in this news release
 
 

You can view the Next 2001 News Releases item: Tue Mar 27, 2001, Debt Settlement Approved

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