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Pegasus Mercantile ( (TSE:LOAN) ) has shared an update.
Pegasus Mercantile Inc. has announced a debt settlement agreement to improve its financial position by reducing existing liabilities. The company will issue 1,738,156 restricted common shares to settle CA$347,631.27 of debt with certain creditors. This move is expected to enhance the company’s financial standing and is subject to Canadian Securities Exchange acceptance.
More about Pegasus Mercantile
Pegasus Mercantile Inc. is a prospect generator that supports high-growth companies by offering technology, financial, operational, and management assistance. The company focuses on the fast-growing market for global wellness products and novel consumer goods and services.
Average Trading Volume: 3,715
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.74M
Learn more about LOAN stock on TipRanks’ Stock Analysis page.
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