QcX Gold to Settle Debt of C$272,088.34

QcX Gold (QCX.V) said overnight Friday that it intends to settle an aggregate of C$272,088.34 of indebtedness to arm's length and non-arm's length creditors of the company, through the issuance of 1.1-million common shares at C$0.2566 apiece. The completion of the debt settlement remains subject to the approval of all regulatory and other approvals, it said. Shares of the company were last seen unchanged at C$0.225 on the TSX Venture Exchange.