Goldhills Holding (TSE:GHL) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Goldhills Holding Ltd. is set to tackle its $95,000 debt by issuing over 1.5 million shares at $0.06 each to related parties, a move subject to TSX Venture Exchange approval. This debt settlement initiative is deemed a ‘related party transaction’ and leverages exemptions to avoid the need for a valuation and minority shareholder approval.
For further insights into TSE:GHL stock, check out TipRanks’ Stock Analysis page.