03:33 PM EST - Morro Bay Resources Ltd. : Says its Board of Directors has elected to proceed with the conversion of $340,097 debt owed by the Corporation to its current and former directors, officers, employees and consultants to common shares of the Corporation. This Debt arises from employment income and consulting income provided to the Corporation. Morro Bay Resources Ltd.
shares V.MRB are trading unchanged at $0.15.
