Gratomic Inc (TSE:GRAT) has released an update.
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Gratomic Inc. has announced its plan to convert $1.4 million of its debt into equity by issuing common shares, aiming to strengthen its financial standing and support its growth in the graphite sector, which is key for electric vehicle batteries. The move will settle debts with various creditors, including management fees and expenses advanced by the CEO, pending regulatory approval and adhering to a statutory holding period.
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