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Colossus Resources Corp. ( (TSE:CLUS) ) has provided an update.
Colossus Resources Corp. has announced a debt settlement agreement to address CDN$248,990.50 in outstanding obligations by issuing 4,979,810 common shares at a price of CDN$0.05 per share, pending TSX Venture Exchange approval. Additionally, the company is initiating a non-brokered private placement financing to raise up to CDN$90,000 for general working capital, offering units that include common shares and warrants, with potential implications for the company’s financial stability and market positioning.
More about Colossus Resources Corp.
Colossus Resources Corp. is a junior mineral exploration company focused on enhancing shareholder value through the acquisition, discovery, and advancement of high-quality copper and gold projects.
Average Trading Volume: 23,876
Technical Sentiment Signal: Sell
Find detailed analytics on CLUS stock on TipRanks’ Stock Analysis page.