Tilting Capital Corp.

March 24, 2014 09:00 ET

Tilting Capital Corp. Announces Closing of Shares for Debt Issuance

CALGARY, ALBERTA--(Marketwired - March 24, 2014) - Tilting Capital Corp. (the "Corporation" or "Tilting Capital") (TSX VENTURE:TLL.H) announces that it has completed the settlement of outstanding management fees payable to the President and CEO of the Corporation in an aggregate settlement amount of $37,500, through the issuance of an aggregate of 375,000 common shares in the capital of the Company ("Common Shares"), at a price of $0.10 per Common Share. The amounts are payable pursuant to the consulting agreement with the President and CEO. The revised amount has been approved by the TSX Venture Exchange.

The Common Shares will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policies 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) 560-4951