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Northern Lights Resources ( (TSE:NLR) ) has shared an update.
Northern Lights Resources Corp. has completed a non-brokered private placement to raise C$100,000 from private investors, intended to settle outstanding debt with Mirabel Capital, Ltd. The financing involves the issuance of subscription receipts, which upon debt settlement, convert into units comprising shares and warrants of the company. This step could potentially stabilize the company’s financial standing by addressing its debt obligations.
More about Northern Lights Resources
Northern Lights Resources Corp. is a company based in Vancouver, British Columbia, involved in the financial sector. It engages in private placements and capital management, focusing on financial settlements and debt management.
YTD Price Performance: -4.76%
Average Trading Volume: 30,535
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $821.9K
Learn more about NLR stock on TipRanks’ Stock Analysis page.