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BRIEF-BE Resources Announces Agreement To Settle An Aggregate Of $89,405.94 In Debt Owed By Co

Published 2020-05-12, 08:48 p/m
© Reuters.

May 12 (Reuters) - BE Resources Inc BERh.V :

* BE RESOURCES ANNOUNCES PROPOSED DEBT SETTLEMENT

* BE RESOURCES INC - REACHED AGREEMENT TO SETTLE AN AGGREGATE OF $89,405.94 IN DEBT OWED BY CO

* BE RESOURCES INC - EXPECTED THAT, SUBJECT TO RECEIPT OF REQUISITE APPROVALS, COMPANY WILL ISSUE 1,324,532 COMMON SHARES TO SUPPORT CREDITORS

* BE RESOURCES - SUPPORT CREDITORS TO CONVERT INDEBTEDNESS INTO SHARES OF CO AT $0.0675 PER SHARE, SUBJECT TO APPROVAL FROM TSX VENTURE EXCHANGE

* BE RESOURCES-REACHED AGREEMENT WITH KEYSER SOZE SERVICES,MARRELLI SUPPORT SERVICES,DSA CORPORATE SERVICES, DSA FILING SERVICES, MARRELLI PRESS RELEASE SERVICES,CANADA VENTURE BUILDING LTD

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