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Metalite Resources ( (TSE:METL) ) just unveiled an announcement.
Metalite Resources Inc. has announced a shares for debt transaction to settle a total of $126,490.69 owed to three consultants. This transaction will result in the issuance of 5,749,576 common shares at a price of $0.022 per share, subject to a four-month hold period. This move is part of Metalite’s strategic financial management, potentially impacting its financial stability and market positioning.
More about Metalite Resources
Metalite Resources Inc. is a Canadian junior mineral exploration company with a focus on precious metals projects, specifically in New South Wales, Australia.
YTD Price Performance: -50.0%
Average Trading Volume: 4,933
Technical Sentiment Signal: Strong Buy
Current Market Cap: $183.4K
Learn more about METL stock on TipRanks’ Stock Analysis page.