Suite 1400, 333 Seymour Street, Vancouver, British Columbia, Canada V6B 5A6 (604) 689-2991
NEWS RELEASEJanuary 3, 2014. TSX-VENTURE: SBX
SEA BREEZE ISSUES SHARES FOR DEBENTURE INTEREST
Sea Breeze Power Corp. is pleased to announce that TSX Venture Exchange has accepted for filing the Company's proposal to issue 15,293,391 shares to settle outstanding debt of $1,501,643.84 relating to interest accrued on a convertible debenture in the principal amount of $2,500,000. The number of
creditors is three.
Insider creditors: | ||
Henry P. Anderson III Revocable Living Trust | $604,879.66 | Shares: 6,160,357 |
Kenneth L. Puryear 2008 Revocable Living Trust | $605,495.12 | Shares: 6,166,624 |
Hoffman-Seabreeze LLC (C. Chase Hoffman) | $291,269.06 | Shares: 2,966,410 |
The shares have been issued and the interest debt extinguished. While the debenture has expired, the original principal of the debentures has been booked as unsecured loans to the Company.
Sea Breeze Power Corp. is a Vancouver-based renewable energy company focused on unlocking British Columbia's enormous but "stranded" renewable energy potential. Sea Breeze is presently engaged in the development of utility-scale wind farms, "run-of-river" hydroelectric projects, and through a joint venture partnership, the development of state-of-the-art electricity transmission projects.
ON BEHALF OF THE BOARD OF DIRECTORS "Paul B. Manson"
per: PAUL B. MANSON, President & CEO
For investor information please contact:
info@seabreezepower.com
Voice: (604) 689