Highway 50 Gold (TSE:HWY) has released an update.
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Highway 50 Gold Corp. has secured $639,788.09 in interest-free, unsecured loans from insiders, repayable by 2026, with a bonus of nearly 4 million warrants exercisable at $0.16. The funds will cover property maintenance and working capital, while the loans, deemed related party transactions, have been approved by independent directors. The involved insiders’ stakes in the company will be adjusted accordingly, and they may alter their investment based on market conditions.
For further insights into TSE:HWY stock, check out TipRanks’ Stock Analysis page.