Published: September 12, 2008
RepeatSeat Ltd. Announces Closing of Shares for Debt Settlement
CALGARY, ALBERTA - (Marketwire - Sept. 12, 2008) - RepeatSeat Ltd. (TSX VENTURE:RPS) ("RepeatSeat" or the "Corporation") announces that it has completed a Shares for Debt transaction by issuing 1,000,000 Common Shares of the Corporation at a deemed price of $0.15 to settle outstanding debt in the amount of $150,000. The Common Shares issued are subject to a four-month hold period from the date of issuance.
The Shares for Debt settlement is to an Arm's Length Party and there will not be a new Control Person as a result of the issuance of the shares for debt.
The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.
Website: www.repeatseat.com
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