VANCOUVER, Aug. 28, 2015 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces that it has issued shares as part of the payment obligations of a convertible debenture with Sino Canada Natural Resources Fund I. A total of 302,466 shares have been issued in settlement of interest payments for May 1 to July 31, 2015 as per the amended agreement, announced in the Company's December 24, 2014 news release.
Heatherdale also announces that in accordance with the terms of its contract with Roman Friedrich and Company LLC ("RFC"), it will issue a total of 212,960 shares in partial payment for financial and advisory services assisting the Company to identify joint venture, merger or other investors to advance the Niblack Project. Under this contract the Company has agreed to pay to RFC a fixed monthly retainer fee and a variable declining success fee based on transaction value, with 50% of each fee being payable in common shares in the capital of the Company.
Heatherdale Resources Ltd. is focused on advancing its mine development opportunity at the Niblack Project in southeastern Alaska.
On behalf of the Board of Directors
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.
SOURCE Heatherdale Resources Ltd.
For further information: on Heatherdale, visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.