Energas Removes $479,218 Debt.OKLAHOMA CITY Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm -- Energas Resources, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EGSR EGSR Eurographics Symposium on Rendering EGSR Employer Support of the Guard and Reserve EGSR Engineer General Service Regiment ) announces that last Thursday the Company issued 1.25 million common shares to McCrome International Inc. in full payment of a promissory note promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. held by McCrome International in the principal amount of $479,218.00. One million of these shares are issued under the Rule 144 two-year restriction. "I'm pleased with McCrome's decision to convert their debt to stock above the current market," stated George Shaw, President. "This transaction is very favorable to the Company. It cleans up the balance sheet and increases monthly cash flow. Except for current payables, the Company is now out of debt." |
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