Raise Production Inc. Announces Closing of Shares for Debt Transactions Raise" or the " Company") announces the completion of its previously announced shares for debt transactions pursuant to which an aggregate of $2,334,027 in indebtedness, representing all of the principal amount and interest payable in respect of the secured convertible debentures of the Company (the " Debentures"), was settled through the issuance of 58,350,688 common shares in the capital of the Company (" Shares") to the holders of the Debentures at a deemed price of $0.04 per Share (the " Debt Settlements"). As a result of the Debt Settlements, the Debentures were terminated. The Shares are subject to a statutory hold period of four months and a day.