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Electric Royalties Converts Debt to Equity Amidst Growth
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Electric Royalties Converts Debt to Equity Amidst Growth

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Electric Royalties (TSE:ELEC) has released an update.

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Electric Royalties Ltd. has announced that Gleason & Sons LLC will convert over C$217,000 of accrued interest into common shares, pending TSX Venture Exchange approval. The transaction will issue shares at C$0.17 each in September 2024, as part of a ‘Shares for Debt’ agreement. This conversion capitalizes on the growing demand for commodities essential to the electric industry, as Electric Royalties expands its portfolio to support the clean energy transition.

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

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