Meryllion Resources Corp. (TSE:MYR) has released an update.
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Meryllion Resources Corp. has successfully completed a shares-for-debt settlement, issuing 200,000 common shares to its CFO in lieu of $10,000 in outstanding salary. The shares are priced at $0.05 each and are subject to a four-month holding period. This transaction is considered a ‘related party transaction,’ but falls within acceptable exemption limits according to regulatory guidelines.
For further insights into TSE:MYR stock, check out TipRanks’ Stock Analysis page.