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| |   Mon Feb 9, 2009
Century Energy to Issue Shares for Debt
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| | Mr. Jimmy McCarroll reports
CENTURY ISSUES SHARES FOR DEBT
Century Energy Ltd., further to Stockwatch news dated Dec. 12, 2008, will issue shares priced at nine cents to settle debts owing to Jimmy McCarroll ($4,189) and Charles Wheeler ($4,062) in repayment of expenses incurred by them on behalf of the company. While Stockwatch news dated Dec. 12, 2008, stated that the shares to be issued for debt would be at 10 cents per share, the board of directors subsequently concluded the shares should be issued at the same price per share as the units in the private placement which was also announced in Stockwatch news dated Dec. 12, 2008, namely at nine cents per share. The private placement closed on Dec. 31, 2008.
The shares to be issued pursuant to the debt settlement agreements with Mr. McCarroll and Mr. Wheeler will be subject to regulatory approval and a four-month hold period from the date of issuance, in accordance with the policies of the TSX Venture Exchange and applicable securities laws.
(c) 2009 Canjex Publishing Ltd. |
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