International Frontier Resources (TSE:IFR) has released an update.
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International Frontier Resources Corporation (IFR) has successfully completed the second tranche of its debt settlement by issuing 2.3 million common shares to clear $115,000 of debt owed to officers and consultants. The shares are priced at $0.05 each and are subject to a hold period until November 5, 2024. Shareholder approval was obtained for transactions exceeding the TSX Venture Exchange’s monthly limit, with the company now boasting 38,085,397 common shares issued and outstanding.
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