Champion Bear Resources (TSE:CBA) has released an update.
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Champion Bear Resources Ltd. has converted nearly $962,000 of its debt into common shares, issuing almost 15 million shares to various creditors, including key executives, to enhance its financial standing. This strategic move, approved by the TSX Venture Exchange, aims to preserve cash and improve the company’s balance sheet.
For further insights into TSE:CBA stock, check out TipRanks’ Stock Analysis page.