ClearStream Energy (TSE:FLNT) has released an update.
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FLINT Corp. has reached an agreement with Canso Investment Counsel Ltd. to issue additional Senior Secured Debentures instead of cash to cover interest payments due June 30, 2024. This strategic move, known as the Payment in Kind Transaction, will allow FLINT to conserve cash for operational needs and uphold its financial commitments, while the overall debt will stand at approximately $135.3 million post-transaction.
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