THEMAC Resources Group Limited

November 20, 2009 17:55 ET

THEMAC Resources Group Limited: Private Placement and Debt Settlement Announced

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2009) - THEMAC Resources Group Limited (NEX:MAC.H) ("the Company") wishes to announce that it has agreed to the settlement of a debt of $40,000 in consulting and management fees due to a company controlled by a director of the Company, by issuing 533,333 common shares of the Company at a price of $0.075 per common shares.

The above transaction is subject to regulatory approvals, and the shares issued will have a hold period of four months from the time of distribution in compliance with TSX Venture Exchange policies and applicable securities law.

On behalf of the board of directors



(Signed): "Barrett Sleeman"
Barrett Sleeman

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • THEMAC Resources Group Limited
    Mr. Salvador Miranda
    (604) 806-6110
    (604) 806-6112 (FAX)