P2Earn (TSE:PXE) has released an update.
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P2Earn Inc. is set to issue 24.1 million shares at a nominal price of $0.01 each to settle a $241,000 debt with former director Jesse Dylan. The shares will adhere to a statutory hold period of four months and one day as per Canadian securities laws. This move comes after Dylan’s resignation from his director position in May earlier this year.
For further insights into TSE:PXE stock, check out TipRanks’ Stock Analysis page.