Carlyle Commodities Settles Debt with Share Issuance

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

Carlyle Commodities Corp. has settled debts with its directors and certain consultants by issuing over 3.8 million shares at a nominal price of $0.05 each, totaling approximately $190,346. An additional 795,000 shares were also issued to manage debts amounting to $39,750. The transactions involved are part of a related party transaction and are exempt from certain regulatory requirements.

For further insights into TSE:CCC stock, check out TipRanks’ Stock Analysis page.