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Medaro Mining ( (TSE:MEDA) ) has issued an announcement.
Medaro Mining Corp. announced a debt settlement through a Shares for Debt Transaction, converting $98,474.50 of debt into 1,047,601 common shares at $0.094 per share. This transaction aims to improve Medaro’s financial position by reducing liabilities and does not involve any new control persons or insiders. The transaction is pending approval from the Canadian Securities Exchange and the shares will be subject to a four-month hold period.
More about Medaro Mining
Medaro Mining Corp. is a Vancouver-based exploration company with options on lithium properties in Quebec, including Darlin, Rapide, Lac La Motte, and CYR South. It also owns the James Bay Pontax project in Quebec and the Superb Lake lithium property in Thunder Bay, Ontario. The company is involved in a joint venture to develop and commercialize a new lithium extraction process from spodumene concentrate.
YTD Price Performance: -14.56%
Average Trading Volume: 11,855
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.22M
See more data about MEDA stock on TipRanks’ Stock Analysis page.
