Gold Mountain Mining Corp. (TSE:GMTN) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Gold Mountain Mining Corp. has negotiated agreements with secured creditors to settle and defer over $9 million in debt through cash payments and common share issuances. In addition, the company is converting up to $1.5 million in unsecured debt into common shares and has launched a private placement offering aimed to raise $750,000. These financial maneuvers are designed to enhance operations at the Elk Gold Mine and provide general corporate funding without insider participation.
For further insights into TSE:GMTN stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue