TORONTO, ONTARIO–(Marketwired – May 19, 2017) – Duran Ventures Inc. (TSX VENTURE:DRV)(LMA:DRV) (“Duran” or the “Company”) announces that it intends to settle an aggregate of $96,063 of indebtedness (the “Debt“) owed to certain arm’s length and non-arm’s length creditors through the issuance of an aggregate of 1,067,368 common shares at a deemed issuance price of $0.09 per common share (the “Transaction“), of which 631,888 common shares will be issued to a non-arm’s length creditor. All common shares issued to settle the Debt will be subject to a hold period of four months and one day from the date of issuance. The Transaction is subject to TSX Venture Exchange approval. Completion of the Transaction will allow the Company to improve its current working capital deficiency position.
