Ditem Explorations: Shares for Debt Agreement
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Fri, 06 Nov 2009 20:25:30 GMT |
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Ditem Explorations Inc. |
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MONTREAL, QUEBEC -- 11/06/09 --
Ditem Explorations (TSX VENTURE: DIT) is pleased to announce that the company has entered into a debt settlement agreement for the issuance of an aggregate 990,020 common shares to Golden Valley Mines Ltd, in consideration for settlement of an aggregate $74,264.99 debt at a deemed price of $0.075. The debt is related to expenses paid by Golden Valley Mines for the Beartooth Island Property. The transaction is subject to the receipt of regulatory approval.
Ditem Explorations (57,372,582 fully diluted) is a uranium exploration and development Company with properties in the Athabasca Basin in Saskatchewan (Beartooth Island and Cree Lake) and the Otish Basin (Otish Uranium) in Quebec. The Company has also completed drilling programs on the Beartooth Island and Otish Uranium properties and, as soon as possible, plans to undertake drilling on its Cree Lake property. Other exploration programs are also being developed. Existing properties and general information may be viewed on the Company's website at www.ditem.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Ditem Explorations
Raymond Savoie
President and CEO
514-875-9034
Ditem Explorations
David Vincent
Director, Investor Relations
514-875-9034
david.vincent@ditem.com
www.ditem.com
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