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Pegasus Mercantile ( (TSE:LOAN) ) has issued an announcement.
Pegasus Mercantile Inc. has announced a debt settlement agreement to issue 2,440,000 restricted common shares to settle CA$122,000 in debt with certain creditors. This move is expected to improve the company’s financial position by reducing existing liabilities, and it reflects the company’s ongoing efforts to strengthen its operations and explore new opportunities for its shareholders.
More about Pegasus Mercantile
Pegasus Mercantile Inc. is a prospect generator that provides advisory services to high-growth companies, including technology, financial, operational, and management assistance. The company is currently focused on the fast-growing market for global wellness products and novel consumer goods and services.
Average Trading Volume: 10,213
Technical Sentiment Signal: Sell
Current Market Cap: C$200.5K
Find detailed analytics on LOAN stock on TipRanks’ Stock Analysis page.