VANCOUVER, Jan. 6, 2017 /CNW/ - Heatherdale Resources Ltd.
("Heatherdale" or the "Company") (TSXV: HTR) announces that the
Company will be issuing common shares to redeem its convertible
debenture with Sino Canada Natural Resources Fund I (the
"Debenture").
Pursuant to the amended agreement announced in the Company's
December 24, 2014 news release, the
Debenture is redeemable in cash or shares at a price of
C$0.20 per share for an amount equal
to the principal amount of the Debenture plus accrued unpaid
interest up to the maturity date. The Company has elected to
satisfy its obligation to pay all of the redemption price by
issuing 15,200,000 shares, including 15,000,000 shares for the
principal portion of C$3,000,000 and
200,000 shares for the outstanding interest up to the Maturity Date
of December 31, 2016.
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 Limited