EXPLOR RESOURCES INC. ("EXS") (formerly Odaat Inc. ("ODT.A")) BULLETIN TYPE: Shares for Debt BULLETIN DATE: January 28, 2004 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,000,000 post-consolidated common shares at a deemed price of $0.10 per post-consolidated common share to settle outstanding debt for $200,000.
Number of Creditors: 4 Creditors
Insider / Pro Group Participation:
Insider equals Y / Amount Deemed Price Creditor Progroup equals P Owing per Share # of Shares
Randy Studer Y $30,000 $0.10 300,000 Duane Studer Y $12,000 $0.10 120,000 Luc Lamarche Y $150,000 $0.10 1,500,000 North-Sask Ventures Ltd. Y $8,000 $0.10 80,000
The Company shall issue a news release when the shares are issued and the debt extinguished.
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