Ares Strategic Mining (TSE:ARS) has released an update.
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Ares Strategic Mining Ltd. has successfully completed a shares-for-debt settlement, issuing over 1.3 million shares to settle $222,820 of debt accrued from various services. The debt resolution involved transactions with related parties but was exempt from certain minority shareholder approval requirements due to the company’s market position.
For further insights into TSE:ARS stock, check out TipRanks’ Stock Analysis page.