By Suite 1400, 333 Seymour Street, Vancouver, British Columbia, Canada V6B 5A6 (604) 689-2991
NEWS RELEASEJanuary 5, 2012. 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 213,312 shares to settle outstanding debt
of US $24,032.87 (Cdn. $24,718) relating to interest accrued
on a convertible debenture in the principal amount of US
$100,000 . The number of creditors is one.
The TSX Venture Exchange has also accepted for filing the
Company's proposal to issue 5,166,070 shares to settle
outstanding debt for $888,000.01 relating to interest accrued
on convertible debentures in
the principal amount of $3,700,000.
Insider creditor | ||
Henry P. Anderson III Revocable Living Trust | $317,258.20 | Shares: 1,845,696 |
Kenneth L. Puryear 2008 Revocable Living Trust | $317,258.20 | Shares: 1,845,696 |
Hoffman-Seabreeze LLC (C. Chase Hoffman) | $253,483.61 | Shares: 1,474,678 |
The shares have been issued and the debt extinguished.
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
