Gold’n Futures Announces Debt Settlement Through Share Issuance

Gold’n Futures Mineral Corp. ( (TSE:FUTR) ) has shared an update.

Gold’n Futures Mineral Corp. has entered into debt settlement agreements to resolve outstanding payments totaling $83,201.22 by issuing 11,885,887 common shares at a price of $0.007 per share. This move is intended to preserve cash for working capital, with shares issued under specific exemptions from prospectus requirements, impacting the company’s financial strategy and stakeholder interests.

Spark’s Take on TSE:FUTR Stock

According to Spark, TipRanks’ AI Analyst, TSE:FUTR is a Underperform.

Gold’n Futures Mineral Corp.’s overall stock score is heavily impacted by its weak financial performance, characterized by zero revenue and persistent losses. The lack of technical indicators and valuation metrics further contribute to a cautious outlook. Without improvement in revenue generation and financial health, the stock remains under significant pressure.

To see Spark’s full report on TSE:FUTR stock, click here.

More about Gold’n Futures Mineral Corp.

Gold’n Futures Mineral Corp. is a mineral exploration company focused on expanding its gold resources and developing viable gold mining operations through the use of geological expertise and advanced technologies.

Average Trading Volume: 652,845

Technical Sentiment Signal: Sell

Current Market Cap: C$34.34M

Learn more about FUTR stock on TipRanks’ Stock Analysis page.