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An update from Gold State Resources Inc. ( (TSE:IMM) ) is now available.
James Thurston has acquired 2,666,666 units of International Metal Mining Corp., each unit consisting of one common share and one-half of a share purchase warrant. This acquisition, made through a debt settlement agreement, results in Thurston holding approximately 19.13% of the company’s shares on a non-diluted basis and 26.19% on a partially diluted basis. The acquisition is significant as it alters the ownership structure of the company, with Thurston potentially influencing future corporate decisions. The warrants include a provision to prevent Thurston from owning more than 19.99% of the shares, ensuring a balance in shareholding control.
More about Gold State Resources Inc.
YTD Price Performance: 26.67%
Average Trading Volume: 11,853
Technical Sentiment Signal: Buy
Current Market Cap: C$668K
See more insights into IMM stock on TipRanks’ Stock Analysis page.