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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.