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Medaro Mining Announces Debt Settlement via Securities Issuance

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Medaro Mining Announces Debt Settlement via Securities Issuance

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Medaro Mining ( (TSE:MEDA) ) has issued an announcement.

Medaro Mining Corp. has entered into agreements to settle debts totaling $68,400 by issuing 684,000 units to certain insiders of the company. This move, aimed at improving the company’s financial position, involves related party transactions and requires approval from the CSE, with the securities subject to a four-month hold period.

Spark’s Take on TSE:MEDA Stock

According to Spark, TipRanks’ AI Analyst, TSE:MEDA is a Underperform.

Medaro Mining’s overall stock score reflects severe financial weaknesses, including a lack of revenue and significant losses. While technical analysis shows neutral momentum, the company’s negative equity and poor valuation highlight substantial risks. Strategic changes are crucial for improving financial health and investor confidence.

To see Spark’s full report on TSE:MEDA stock, click here.

More about Medaro Mining

Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC, owning the James Bay Pontax Project and the CYR South lithium properties in Quebec.

Average Trading Volume: 22,065

Technical Sentiment Signal: Sell

Current Market Cap: C$364.8K

For an in-depth examination of MEDA stock, go to TipRanks’ Stock Analysis page.

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