Carlyle Commodities Settles Debt with Equity Issuance

Carlyle Commodities (TSE:CCC) has released an update.

Carlyle Commodities Corp., a mineral exploration company, has settled $39,750 of debt by issuing 795,000 common shares to an insider and a consultant. This debt settlement is considered a related party transaction and follows regulatory exemptions, with the newly issued shares being subject to a statutory hold period of four months and one day.

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