Deer Horn Negotiates Shares for Debt Arrangement
Vancouver, BC (FSCwire) - Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer Horn”), announces that it has reached a debt settlement arrangement in relation to an aggregate of $20,000 in debt owed to a third party creditor. Under the terms of the arrangement, the Company proposes to issue an aggregate of 400,000 common shares of the Company at a deemed price of $0.05/share.
On behalf of the board of directors of
Deer Horn Capital Inc.
President and CEO
For further information please contact:
Deer Horn Capital Inc.
(604) 952 7221
Neither the Canadian Securities Exchange nor its regulations services accepts responsibility
for the adequacy or accuracy of this release.
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this news release contains forward-looking information regarding the shares for debt transaction. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the shares for debt transaction. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
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Source: Deer Horn Capital Inc. (CSE:DHC, OTC Pink:GODYF)
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