Fidelity Minerals Settles Debt with Equity

Fidelity Minerals Corp (TSE:FMN) has released an update.

Fidelity Minerals Corp. has successfully completed a shares for debt transaction, settling a total debt of $701,882.50 through the issuance of over 14 million common shares. The transaction included resolving debts to company insiders and a significant shareholder, Lions Bay Capital Inc., which provided substantial unsecured loans to Fidelity. The shares issued are subject to a four-month hold period, underscoring Fidelity’s commitment to long-term value creation for its stakeholders.

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