tiprankstipranks
Trending News
More News >

Galore Resources Secures Funding for Exploration

Galore Resources Secures Funding for Exploration

Galore Resources (TSE:GRI) has released an update.

Don’t Miss TipRanks’ Half-Year Sale

Galore Resources Inc. has secured a $47,000 loan from two shareholders, which will fund exploration at the Duraznillo Project and cover operating expenses. The loan, bearing a 10% interest rate and repayable by April 2025, comes with an issuance of bonus shares to the lenders. Additionally, the company has terminated its agreement with Oztoc Metal Corporation and announced a reduction in interest rates on certain company debts.

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1