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Acme Gold Co. Ltd. ( (TSE:BLU) ) just unveiled an update.
BluEnergies Ltd., a Canadian-based international oil and gas exploration and development company focused on West Africa, operates in the upstream energy sector targeting hydrocarbon resources in that region. The company plans to settle $325,073 owed for past advisory services through the issuance of 216,715 common shares at a deemed price of $1.50, subject to TSX Venture Exchange approval, and has granted 2.3 million stock options at the same exercise price to directors, officers, employees and consultants, moves that signal the use of equity-based compensation to manage cash outflows and align insiders’ incentives with long-term shareholder value.
More about Acme Gold Co. Ltd.
BluEnergies Ltd. is a Canadian-based international oil and gas exploration and development company focused on operations in West Africa.
Average Trading Volume: 17,823
Technical Sentiment Signal: Buy
Current Market Cap: C$31.4M
For detailed information about BLU stock, go to TipRanks’ Stock Analysis page.