Goldhills Holding (TSE:GHL) has released an update.
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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.
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