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Adex Mining ( (TSE:ADE) ) has provided an announcement.
Adex Mining Inc. has entered into a new loan agreement with its largest shareholder, Great Harvest Canadian Investment Company Limited, for an unsecured loan of up to US$1,000,000 at an 8% annual interest rate, maturing on January 1, 2027. This loan, considered a related party transaction, was approved by an independent special committee and is expected to support Adex’s operations without converting into equity, thus maintaining the company’s current ownership structure.
More about Adex Mining
Adex Mining Inc. is a Canadian junior mining company focused on the Mount Pleasant Mine Property, which hosts promising tungsten-molybdenum and tin-indium-zinc mineralization. The company is known for its experienced management team and trades on the TSX Venture Exchange under the symbol ‘ADE’.
Average Trading Volume: 284,643
Technical Sentiment Signal: Buy
Current Market Cap: C$13.54M
For an in-depth examination of ADE stock, go to TipRanks’ Overview page.