|By Marketwired .||
|March 11, 2014 05:45 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 03/11/14 -- Mainstream Minerals Corporation (the "Company") (TSX VENTURE: MJO) announces that it has entered into debt a settlement agreement with an arm's length party of the Company pursuant to which the Company has agreed to issue an aggregate of 2,000,000 common shares ("Common Shares") of the Company at a deemed price of $0.05 per Common Share (the "Debt Settlement") in settlement of an aggregate of $129,750 of indebtedness.
The Debt Settlement is subject to TSX Venture Exchange (the "Exchange") acceptance. The Company will close the Debt Settlement and issue the Common Shares once the Debt Settlement has been accepted by the Exchange. The Common Shares issued pursuant to the Debt Settlement are subject to four-month hold period.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Mainstream Minerals Corporation
Director, Business Development