TinOne Resources Inc. settles debt by issuing shares for Tasmanian projects
1 report, 1 independent
Updated Wed 00:00
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What happened
TinOne Resources Inc. announced it entered into a debt settlement agreement to resolve C$172,137.28 in outstanding debt owed to creditors. The company settled this debt by issuing 1,229,552 Common Shares at a deemed price of C$0.14 per Common Share. The transaction is subject to necessary regulatory and stock exchange approvals.
From finanznachrichten.de
Why it matters
The agreement changes the capital structure of TinOne Resources Inc. by issuing new shares to settle liabilities. The company holds tin and tungsten projects within the jurisdiction of Tasmania.
From finanznachrichten.de
Who's involved
- TasmaniaThe state where TinOne Resources Inc. holds its tin and tungsten projects.