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Medaro Mining ( (TSE:MEDA) ) has issued an update.
Medaro Mining Corp. has announced a debt conversion agreement with certain creditors to settle a debt of $297,682 by issuing 3,166,826 common shares at $0.094 per share. This transaction aims to improve the company’s financial position by reducing liabilities and is pending approval by the Canadian Securities Exchange.
More about Medaro Mining
Medaro Mining Corp., based in Vancouver, BC, is an exploration company with options in several lithium properties in Quebec and Ontario. The company is also involved in a joint venture to develop a process for extracting lithium from spodumene concentrate.
YTD Price Performance: -16.00%
Average Trading Volume: 12,760
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.22M
For detailed information about MEDA stock, go to TipRanks’ Stock Analysis page.