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Northern Lights Resources Strengthens Financial Position with Debt Settlement and Private Placement

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Northern Lights Resources Strengthens Financial Position with Debt Settlement and Private Placement

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An update from Northern Lights Resources ( (TSE:NLR) ) is now available.

Northern Lights Resources Corp. has finalized a debt settlement with Mirabel Capital, settling US$285,502 of outstanding debt with a combination of cash and shares of Renya Silver Corp. Additionally, the company completed a private placement, raising C$100,000 through the issuance of subscription receipts, which have been converted into common shares and share purchase warrants. This financial restructuring and fundraising effort enhances Northern Lights’ financial stability and positions it for future opportunities without the burden of interest on the settled debt.

More about Northern Lights Resources

Northern Lights Resources Corp. operates in the mining and exploration industry, focusing on the development and extraction of mineral resources.

Average Trading Volume: 25,901

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.02M

Find detailed analytics on NLR stock on TipRanks’ Stock Analysis page.

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