Tilting Capital Corp.

October 24, 2014 18:26 ET

Tilting Capital Corp. Announces Closing of Shares for Debt Issuance

CALGARY, ALBERTA--(Marketwired - Oct. 24, 2014) - Tilting Capital Corp. (the "Corporation") (NEX:TLL.H) announces that it has completed the settlement of outstanding management fees payable to the Chief Executive Officer of the Corporation in an aggregate amount of $18,000, through the issuance of an aggregate of 150,000 common shares in the capital of the Corporation ("Common Shares") at a price of $0.12 per Common Share. The amounts are payable pursuant to the consulting agreement with the Chief Executive Officer. The Common Shares issued in connection with this debt settlement are subject to a four month hold period that expires on February 25, 2015.

The Corporation has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the Common Shares.

Neither the NEX Board, 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 press release.

Contact Information

  • Tilting Capital Corp.
    Scott P. Hayduk
    (403) 444-7845