Microlab Online Inc.

January 15, 2010 16:30 ET

Microlab Enters Into Debt Settlement

TORONTO, ONTARIO--(Marketwire - Jan. 15, 2010) - Microlab Online Inc. (CUB:MCLB), reports that it has reached agreement to settle the outstanding debt of $37,765 reflected as a long term liability in its financial statements as owed to an affiliated company in exchange for 5,500,000 common shares of the company.

No exchange or regulating authority has approved or disapproved the contents of this press release.

Microlab Online Inc. has 11,092,500 outstanding common shares (to be 16,592,000 upon closing of this debt settlement).

Contact Information

  • Microlab Online Inc.
    A. G. Dragone
    (416) 447-4884
    (416) 447-8868 (FAX)