Ba Ba Capital Inc.

June 22, 2015 11:28 ET

Ba Ba Capital Announces Shares for Debt Transaction

TORONTO, ONTARIO--(Marketwired - June 22, 2015) - Ba Ba Capital Inc. (the "Company"), has completed shares for debt transactions with arms-length creditors, pursuant to which the Company issued an aggregate of 14,017,370 common shares in satisfaction of $1,401,737 of indebtedness. The Company determined to satisfy the indebtedness with common shares in order to preserve its cash. The common shares issued in satisfaction of the indebtedness will be subject to a four month statutory hold period from the date of issuance.

Following completion of the issuance of the 14,017,370 common shares, the Company will have a total of 30,209,974 common shares issued and outstanding.

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