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Golden Lake Exploration ( (TSE:GLM) ) has provided an update.
Golden Lake Exploration Inc. has announced its intention to enter into an unsecured, convertible promissory note to borrow C$50,000, which will mature on December 31, 2025, with an interest rate of 10% per annum. The loan will be used to maintain the company’s Jewel Ridge claims, and the amount can be converted into common shares at a price of $0.05 per share, subject to a statutory hold period.
More about Golden Lake Exploration
Golden Lake Exploration is a junior public mining exploration company focused on mineral exploration and the acquisition of mineral property assets. The company aims to acquire, explore, and develop economic precious and base metal properties, with a particular focus on advancing its exploration program on the Jewel Ridge property.
Average Trading Volume: 120,183
Technical Sentiment Signal: Sell
Current Market Cap: C$4.47M
Find detailed analytics on GLM stock on TipRanks’ Stock Analysis page.