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VANCOUVER , Dec. 11, 2015 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (HTR.V) announces that it has issued shares as part of the payment obligations of a convertible debenture with Sino Canada Natural Resources Fund I. A total of 302,466 shares have been issued in settlement of interest payments for August 1 to October 31, 2015 as per the amended agreement, announced in the Company's December 24, 2014 news release.
Heatherdale also announces that in accordance with the terms of its contract with Roman Friedrich and Company LLC ("RFC"), it has issued a total of 333,004 shares in partial payment for financial and advisory services assisting the Company to identify joint venture, merger or other investors to advance the Niblack Project. Under this contract the Company has agreed to pay to RFC a fixed monthly retainer fee and a variable declining success fee based on transaction value, with 50% of each fee being payable in common shares in the capital of the Company.
About Heatherdale
Heatherdale Resources Ltd. is focused on advancing its mine development opportunity at the Niblack Project in southeastern Alaska .
On behalf of the Board of Directors Scott Cousens Chairman
Neither the 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 release.
SOURCE Heatherdale Resources Ltd.
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Heatherdale Resources Ltd.
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DEVELOPMENT STAGE |
CODE : HTR.V |
ISIN : CA42245Q1090 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Heatherdale is a zinc and lead exploration company based in Canada. Heatherdale develops zinc, lead, copper, gold and silver in USA. Its main asset in development is NIBLACK COPPER CO. in USA and its main exploration property is DELTA in USA. Heatherdale is listed in Canada. Its market capitalisation is CA$ 175.2 millions as of today (US$ 140.2 millions, € 116.4 millions). Its stock quote reached its highest recent level on March 12, 2010 at CA$ 1.94, and its lowest recent point on February 05, 2016 at CA$ 0.01. Heatherdale has 180 600 000 shares outstanding. |