Original News Release
Bonanza Mining to settle $178,516 debt with shares
Mr. Alfredo De Lucrezia reports
BONANZA MINING CORPORATION ANNOUNCES DEBT SETTLEMENTS
Bonanza Mining Corp. has negotiated debt settlement agreements with certain insiders and arm's-length creditors, pursuant to which $178,516.81 of indebtedness is to be satisfied by the issuance of 1,785,168 common shares at a deemed price of 10 cents per share, subject to regulatory acceptance.
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