Spanish Mountain Gold Ltd (TSX-V:SPA, OTC:SPAZF) announced it has completed a transaction with Whittle Consulting whereby Whittle instead of receiving a cash payment for services rendered has invested $348,000 in exchange for 1,831,579 shares.
The shares were issued at $0.19 per share.
The company also paid Whittle $122,400 in cash to settle the remaining amount due for services rendered.