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The latest announcement is out from Graycliff Exploration ( (TSE:GRAY) ).
Graycliff Exploration Limited, a company listed on the Canadian Securities Exchange, has signed a non-binding Letter of Intent to acquire 100% of Emergent Waste Solutions Inc., a company with a disruptive, patent-pending technology. This acquisition is expected to enhance Graycliff’s market position by integrating Emergent’s innovative technology, which is anticipated to generate positive cash flow in its first year as a public entity. The transaction involves various financial arrangements, including interim financing and a convertible debenture, aimed at facilitating Emergent’s growth and public listing. The deal is expected to be finalized by May 2025, pending necessary regulatory approvals.
More about Graycliff Exploration
YTD Price Performance: -16.67%
Average Trading Volume: 12,004
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $244K
See more data about GRAY stock on TipRanks’ Stock Analysis page.