Galore Resources (TSE:GRI) has released an update.
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Galore Resources Inc. has announced a strategic move to improve its financial standing by settling a debt of CDN$226,205, owed to the company’s CEO, through the issuance of 11,310,250 shares priced at $0.02 each. This shares-for-debt transaction is designed to preserve cash for project development and strengthen the company’s balance sheet, pending approval from the TSX Venture Exchange.
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