Match Capital Resources Corporation

April 09, 2007 15:45 ET

Match Capital Resources Corporation-Press Release

TORONTO, ONTARIO--(CCNMatthews - April 9, 2007) - Match Capital Resources Corporation (NEX:MHC.H) ("Match Capital" or the "Company") announces that the Company has entered into a share for debt agreement with Western Troy Capital Resources Inc. ("Western Troy") wherein Western Troy has agreed to issue common shares of its capital to the Company in order to settle an outstanding debt.

Western Troy proposes to issue 193,398 common shares in its capital to the Company at a price of $0.88 per share to settle a debt of $170,190 owed to the Company. Wayne Holmstead, a director of the Company is also a director of Western Troy; Stanley Mourin, a director and controlling shareholder of the Company, is also director and controlling shareholder of Western Troy. As such the share for debt settlement is a related party transaction with in the meaning of Ontario Securities Commission Rule 61-501 and is subject to regulatory and minority shareholder approval.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Match Capital Resources Corporation
    Stanley Mourin
    (416) 922-5111
    (416) 922-6290 (FAX)