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Fidelity Minerals Corp ( (TSE:FMN) ) has provided an announcement.
Fidelity Minerals Corp. announced the settlement of a $436,975 debt with Lions Bay Capital Inc. by issuing 3,361,344 common shares at $0.13 per share. This transaction, considered a related party transaction under TSX Venture Exchange policies, allows Fidelity to manage its financial obligations while maintaining strategic partnerships. The settlement reflects the company’s ongoing efforts to strengthen its financial position and operational capabilities, potentially impacting its market positioning and stakeholder relationships.
More about Fidelity Minerals Corp
Fidelity Minerals Corp. is a company focused on assembling a portfolio of high-quality mining assets, primarily targeting large-scale copper and gold deposits. The company aims to delineate major deposits that could attract interest from mid-tier and major mining companies, with its most advanced project being Las Huaquillas in Northern Peru. Fidelity Minerals is supported by an experienced management team and sophisticated investors, aiming to expand its project portfolio through strategic acquisitions.
Average Trading Volume: 33,010
Technical Sentiment Signal: Hold
Current Market Cap: C$5.46M
Find detailed analytics on FMN stock on TipRanks’ Stock Analysis page.