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    Alabama Graphite Announces Shares for Debt

    Written by Investing News Network
    |
    Jul. 11, 2013 02:45PM PST

    Alabama Graphite Corp. (CNSX:ALP,US:ABGPF) announced that certain creditors have agreed to accept shares as payment for past services rendered, for a total of approximately $68,690.

    Alabama Graphite Corp. (TSXV:ALP,US:ABGPF) announced that certain creditors have agreed to accept shares as payment for past services rendered, for a total of approximately $68,690.

    As quoted in the press release:

    … subject to regulatory approval, certain creditors have agreed to accept shares in the Company for past consulting and other services provided to the Company totaling approximately $68,690, by the issuance of a total of 528,385 common shares of the Company at a deemed value of $0.13 per share.

    Click here to read the Alabama Graphite Corp. (CNSX:ALP,US:ABGPF) press release
    Click here to see the Alabama Graphite Corp. (CNSX:ALP,US:ABGPF) profile.

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