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Gold State Resources Inc. ( (TSE:IMM) ) has shared an announcement.
International Metals Mining Corp., a Canadian explorer and developer of critical metals with a flagship 100%-owned copper-gold porphyry project in Peru, continues to position itself within the critical metals sector by advancing its mineral assets in a key South American jurisdiction. The company has entered into shares-for-debt agreements to settle approximately $855,000 in outstanding liabilities through the issuance of common share units and shares, including participation by its CEO under related-party rules, in a move that aims to strengthen its balance sheet by converting creditor obligations into equity, subject to TSX Venture Exchange approval and standard hold periods.
More about Gold State Resources Inc.
International Metals Mining Corp. is a Canadian mineral exploration and development company focused on the acquisition, exploration and development of critical metals and mineral assets, with its primary emphasis on a 100%-owned copper-gold porphyry property in Peru.
Average Trading Volume: 16,560
Technical Sentiment Signal: Hold
Current Market Cap: C$1.81M
For detailed information about IMM stock, go to TipRanks’ Stock Analysis page.