Rubicon Organics (TSE:ROMJ) has released an update.
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Rubicon Organics has entered into a debt settlement agreement to issue 59,764 common shares in order to settle $25,400 of director fees, with each share priced at $0.42. This arrangement will not result in creating any new control person within the company. The transaction is pending final approval from the TSX Venture Exchange and is to be completed under customary closing conditions.
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