Carlyle Announces Issuance of Shares for Debt – Carlyle Commodities
Carlyle Commodities Corp. (CSE:CCC, FSE:BJ4, OTC:CCCFF) plans to issue 3,806,920 common shares at $0.05 each to certain directors and consultants as part of a Debt Settlement totaling $190,346 for unpaid services. This transaction constitutes a “related party transaction” under Multilateral Instrument 61-101; however, it is exempt from certain requirements due to the company’s market capitalization. […]