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Kermode Resources Completes Shares-for-Debt Transaction

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Kermode Resources Completes Shares-for-Debt Transaction

Confident Investing Starts Here:

Kermode Resources ( (TSE:KLM) ) has issued an announcement.

Kermode Resources Ltd. has completed a shares-for-debt transaction, settling $60,000 of debt by issuing 6,000,000 common shares at $0.01 per share. This transaction includes a related party component involving $20,000 held by insiders, but it was exempt from certain regulatory requirements due to its small size relative to the company’s market capitalization.

More about Kermode Resources

Kermode Resources Ltd. is a junior mining company focused on exploring opportunities worldwide.

Average Trading Volume: 457,833

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$662.8K

Learn more about KLM stock on TipRanks’ Stock Analysis page.

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