79North Inc (TSE:JQ) has released an update.
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79North Inc. has secured a total of $47,500 through unsecured demand promissory notes from its shareholders, including a $5,000 contribution from President and CEO Jon North. These funds will be directed towards settling invoices with the company’s contractors. Despite the involvement of a related party in the transaction, the company emphasizes that it is not required to seek minority shareholder approval as the terms are considered commercially reasonable.
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