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Golden Lake Exploration ( (TSE:GLM) ) has provided an announcement.
Golden Lake Exploration Inc. has announced the issuance of an unsecured, convertible promissory note to borrow C$165,000, which will mature on October 29, 2026, with an annual interest rate of 10%. The funds from this loan will be used for advance royalty payments related to its Option Agreement with Greenlane Resources Ltd., potentially impacting the company’s financial strategy and operational focus.
More about Golden Lake Exploration
Golden Lake Exploration Inc. 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 emphasis on advancing its exploration program on the Jewel Ridge property.
Average Trading Volume: 131,273
Technical Sentiment Signal: Hold
Current Market Cap: C$4.99M
Learn more about GLM stock on TipRanks’ Stock Analysis page.