Grizzly Discoveries Finalizes $500,000 Debt Settlement with APEX Geoscience

Grizzly Discoveries ( (TSE:GZD) ) has shared an update.

Grizzly Discoveries Inc. has finalized a debt settlement agreement with APEX Geoscience Ltd., its primary geological contractor, to settle $500,000 in outstanding accounts payable. The settlement involves issuing 8,333,334 units of the company to APEX and a promissory note to a private corporation controlled by a principal of APEX. This strategic move helps Grizzly manage its financial obligations while maintaining focus on its mineral exploration activities, potentially strengthening its position in the industry.

Spark’s Take on TSE:GZD Stock

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

Grizzly Discoveries is facing severe financial difficulties, with no revenue and persistent losses impacting its performance. The technical analysis indicates a stagnant market sentiment, and the valuation reflects ongoing financial challenges. However, the company’s recent corporate actions, including a private placement and new drilling permits, offer some potential for future improvement. Overall, the stock score is low, indicating a need for substantial improvement in revenue generation and financial management.

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

More about Grizzly Discoveries

Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company primarily listed on the TSX Venture Exchange. The company focuses on developing approximately 72,700 hectares of precious and critical minerals properties in southeastern British Columbia. It is led by an experienced management team with a track record of advancing exploration projects from early exploration to feasibility stages.

Average Trading Volume: 59,454

Technical Sentiment Signal: Sell

Current Market Cap: C$3.99M

Find detailed analytics on GZD stock on TipRanks’ Stock Analysis page.