Athabasca Minerals (TSE:AMI) has released an update.
Athabasca Minerals Inc. has successfully completed a sale to Badger Mining Corporation for CAD $29.2 million, following its strategic restructuring under the Bankruptcy and Insolvency Act. This transaction, endorsed by the Alberta Court, sees Athabasca’s common shares exchanged for shares in a new entity, with proceeds going to settle its debts. The deal signifies a fresh chapter for the company, with eventual residual payouts to former shareholders planned after creditors are satisfied.
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