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Guardian Exploration Proposes Debt Retirement Through Share Issuance

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Guardian Exploration Proposes Debt Retirement Through Share Issuance

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An update from Guardian Exploration ( (TSE:GX) ) is now available.

Guardian Exploration Inc. has announced a proposal to retire $23,000 of debt by issuing 200,000 common shares at a price of $0.115 per share, subject to approval from the TSX Venture Exchange. This move is part of Guardian’s strategic financial management, potentially impacting its market positioning by reducing liabilities and improving financial stability.

More about Guardian Exploration

Guardian Exploration Inc. is a company listed on the TSX Venture Exchange, engaged in the oil and gas industry as well as mineral exploration and development. The company has various prospects, including the Mount Cameron Property in the Yukon, the Kaigani claims in Southeast Alaska, and the Sundog gold project in Nunavut.

Average Trading Volume: 45,025

Technical Sentiment Signal: Buy

Current Market Cap: C$12.54M

For an in-depth examination of GX stock, go to TipRanks’ Overview page.

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