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Magnum Goldcorp ( (TSE:MGI) ) has shared an announcement.
Magnum Goldcorp Inc. has received approval from the TSX Venture Exchange to settle debts amounting to $118,301.49 by issuing 2,366,030 common shares at a deemed value of $0.05 per share. This strategic move aims to strengthen the company’s financial position by converting debt into equity, potentially enhancing its operational flexibility and market standing.
More about Magnum Goldcorp
Magnum Goldcorp Inc. operates in the mining industry, focusing on the exploration and development of gold resources. The company is publicly traded on the TSX Venture Exchange under the symbol MGI.
YTD Price Performance: -7.89%
Average Trading Volume: 24,676
Technical Sentiment Signal: Buy
Current Market Cap: C$337.9K
See more insights into MGI stock on TipRanks’ Stock Analysis page.