Mr. Mike Belantis reports
QE2 ACQUISITION CORP. ANNOUNCES COMPLETION OF SHARES FOR DEBT TRANSACTION
QE2 Acquisition Corp. has completed the shares-for-debt transaction announced on June 11, 2015, after receiving the approval of the TSX Venture Exchange to settle indebtedness with a creditor of the company.
Pursuant to the shares-for-debt transaction, the company has issued 353,333 common shares at a deemed price of 15 cents per share in order to settle debt in the amount of $53,000 for certain obligations of the company. The shares issued by the company, pursuant to the shares-for-debt transaction, are subject a hold period of four months and one day in accordance with applicable securities legislation and TSX Venture Exchange requirements.
We seek Safe Harbor.
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