Athabasca Minerals (TSE:AMI) has released an update.
Athabasca Minerals Inc. has received court approval for a stay extension until April 22, 2024, to facilitate its restructuring efforts, including securing CAD $5.3 million in new interim financing from Badger Mining Corporation. This financing will repay an earlier CAD $2.85 million loan and cover ongoing expenses while the company finalizes a sale transaction with Badger. The company remains focused on its sale and investment solicitation process to achieve a favorable outcome for stakeholders.
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