Gold Mountain Clears Debt and Raises Capital

Gold Mountain Mining Corp. (TSE:GMTN) has released an update.

Gold Mountain Mining Corp. has successfully completed debt settlements and a private placement, raising $750,000 in fresh capital. The transactions involved issuing common shares at a discount to settle over $3.7 million in secured and unsecured debts, with some creditors accepting payments spread over 24 months. The funds from the private placement will boost operations at the Elk Gold Mine and support general corporate needs.

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