Enerev5 Metals Inc. (TSE:ENEV) has released an update.
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Enerev5 Metals Inc. is set to issue 15 million units to raise $150,000 for working capital and administrative expenses, with each unit including a share and a purchase warrant. Additionally, the company is settling over $366,000 of debt by issuing common shares to directors, management, and certain creditors, aiming to improve its financial position without creating new insiders or affecting market capitalization significantly.
For further insights into TSE:ENEV stock, check out TipRanks’ Stock Analysis page.