tiprankstipranks
Trending News
More News >

Caprock Mining Finalizes Shares-for-Debt Settlement with CEO

Story Highlights
Caprock Mining Finalizes Shares-for-Debt Settlement with CEO

Confident Investing Starts Here:

The latest announcement is out from Caprock Mining Corp ( (TSE:CAPR) ).

Caprock Mining Corp. has finalized a shares-for-debt transaction with its CEO, Vishal Gupta, issuing 2,000,000 common shares at $0.10 per share to settle $200,000 of debt owed to Gupta’s company, Windmark Financing Ltd. This amendment to a prior agreement reflects the company’s strategic financial management and its reliance on prospectus exemptions under Canadian securities law to facilitate the transaction. The settlement is part of a related party transaction under MI 61-101, using exemptions due to the company’s market capitalization, ensuring the transaction aligns with standard market practices.

More about Caprock Mining Corp

Caprock Mining Corp. is a Canadian mineral exploration company focused on exploring precious metals in Quebec and Ontario. The company has an option to earn a 100% interest in the Destiny gold property, which includes 127 mineral claims over an area of 5,013 hectares near Val D’Or, Quebec. The Destiny project is strategically located along a major deformation corridor in the Abitibi greenstone belt, known for hosting numerous gold deposits.

YTD Price Performance: 150.0%

Average Trading Volume: 87,463

Technical Sentiment Consensus Rating: Sell

For a thorough assessment of CAPR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App