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