09:44 AM EST - Desmarais Energy Corp. : said it has completed a settlement with a group of unsecured creditors in payment either a blend of cash and shares of Desmarais or cash only. The total accounts payable involved in the settlement was $512,966. In full satisfaction of these accounts payables the company issued an aggregate of 371,235 common shares of Desmarais, and paid a total of $56,252 cash. Desmarais Energy Corp.
shares V.DES are trading even at $0.10.
