CLOSING OF SHARES FOR DEBT SETTLEMENT

By on Jan 19, 2018 in News |

Vancouver, BC – January 19, 2018 – Meadow Bay Gold Corporation (“Meadow Bay Gold” or the “Company”) (TSXV:MAY) (OTCQB:MAYGF) (Frankfurt: 20M, WKN A1C3DN) announces that it has completed the shares for debt transaction (the “Shares for Debt”) with certain creditors (the “Creditors”) originally announced on December 8, 2017.  Pursuant to the Shares for Debt, the Company issued to the Creditors an aggregate of 475,000 common shares (the “Debt Shares”) at a deemed price of $0.20 per Debt Share to settle an aggregate of $95,000 of unpaid consulting fees for consulting services provided by the Creditors.  The issuance of Debt Shares was approved by the TSX Venture Exchange on January 16, 2018.

The Debt Shares are subject to a statutory hold period which expires on May 19, 2018.

For further information please contact:

Meadow Bay Gold Corporation        www.meadowbaygold.com

Robert Dinning

Chairman & CEO
Tel: 604-641-4450

 

Matthew Harrington, Launch IR
Tel: 613-882-7467

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.