Meryllion Resources (TSE:MYR) has released an update.
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Meryllion Resources Corporation has secured a CAD$50,000 loan from Croesus Mining Pty Ltd, a company with ties to a Meryllion director, to be repaid by May 2025 without interest. The transaction, considered a related party transaction, has been approved by Meryllion’s independent directors without the need for a valuation or minority shareholder approval. This financial move aims to support Meryllion’s ongoing operations and strategic initiatives.
For further insights into TSE:MYR stock, check out TipRanks’ Stock Analysis page.