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Maritime Launch Services Secures Financing and Debenture Extension

Story Highlights
  • Maritime Launch Services secures $1.6 million financing for operational and debt-related expenses.
  • Debenture maturity extended by two years with partial cash settlement and share issuance.
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Maritime Launch Services Secures Financing and Debenture Extension

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Jaguar Financial ( (TSE:MAXQ) ) has shared an update.

Maritime Launch Services Inc., a company operating within the launch services industry, has secured regulatory approval for a financing initiative amounting to approximately $1.6 million. This financing round includes converting short-term loans from existing shareholders, issuing shares for unpaid fees to officers and employees, and allocating proceeds for debenture redemption and operational expenses. The company also announced a two-year extension for its outstanding convertible debentures, involving a partial cash settlement and issuance of shares as an extension fee, which will impact its financial stability and operations moving forward.

More about Jaguar Financial

Average Trading Volume: 61,750

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$548.5K

For detailed information about MAXQ stock, go to TipRanks’ Stock Analysis page.

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