Normiska Corporation

Normiska Corporation

March 16, 2005 16:33 ET

Normiska Corporation Announces TSX-V Approval of Issuance of Shares in Settlement of Certain Debts


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORMISKA CORPORATION

TSX VENTURE SYMBOL: NCO

MARCH 16, 2005 - 16:33 ET

Normiska Corporation Announces TSX-V Approval of
Issuance of Shares in Settlement of Certain Debts

GUELPH, ONTARIO--(CCNMatthews - March 16, 2005) - Normiska Corporation
(TSX VENTURE:NCO) announces the regulatory approval for the issue of
312,323 common shares in settlement of $52,286 of accounts payable. The
conversion of a promissory note for $125,000 due July 31, 2004 with
interest at 7.75% into 666,667 common shares was also approved. These
transactions were previously approved by the Board of Directors and the
shareholders and announced in a Press Release on June 30, 2004.

The Company also announces the regulatory approval of a private
placement to a director of the Company as approved by the Board and
announced in the same Press Release of June 30, 2004.

Normiska will have 12,928,334 common shares issued and outstanding on
completion of these transactions.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Normiska Corporation
    John M. Arnold
    Chairman
    (888) 324-6219
    (519) 780-0790 (FAX)
    john@normiska.com
    or
    Normiska Corporation
    Peter J. Goodwin, Jr.
    President & C.E.O.
    (888) 324-6219
    (519) 780-0790 (FAX)
    peterjgoodwin@comcast.net
    www.normiska.com
    No securities commission or stock exchange has approved or disapproved
    of this news release.