International Prospect Ventures (TSE:IZZ) has released an update.
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International Prospect Ventures Ltd. announces a strategic move to conserve cash by proposing to issue 1.26 million shares to settle $63,000 in debt, primarily to insiders under consulting agreements and director fees. Additionally, the company is looking to raise $300,000 through a non-brokered private placement of 6 million units priced at $0.05 each. This financial maneuver aims to support operations while adhering to TSX Venture Exchange policies and securities legislation.
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