CALGARY, ALBERTA--(Marketwired - March 17, 2014) - Tilting Capital Corp. (the "Corporation" or "Tilting Capital") (TSX VENTURE:TLL.H) announces that it has approved the settlement of outstanding management fees payable to the President and CEO of the Corporation in an aggregate settlement amount of $45,000, through the issuance of an aggregate of 450,000 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 Common Shares will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. The transactions contemplated under the debt settlement agreements are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including that of the TSX Venture Exchange.
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.