Conway Resources Inc.
TSX VENTURE : CWY

Conway Resources Inc.

March 26, 2010 13:42 ET

Conway Resources Announces Debt Settlement

QUEBEC CITY, QUEBEC--(Marketwire - March 26, 2010) - Conway Resources Inc. ("Conway" or the "Company") (TSX VENTURE:CWY) announces that is has reached an agreement with several suppliers for the settlement of related debts of $103,329.72. As a result, Conway will issue an aggregate of 2,066,582 common shares and 2,066,582 warrants, each warrant entitling the holder to purchase a share at $0.10 per share for a twelve month period. The securities issued in relation with the debt settlement will be subject to a hold period of four months and one day.

This transaction is subject to the approval of the TSX Venture Exchange Inc.

Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information