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An announcement from Planet Mining Exploration ( (TSE:PXI) ) is now available.
Planet Ventures Inc. has successfully closed an oversubscribed convertible debenture financing, raising $6,400,000. The funds will be used to enhance the company’s Bitcoin treasury strategy and for general corporate purposes. The debentures, which carry a 12% annual interest rate and mature in 24 months, are convertible into common shares at a price of $0.50 per share. This financing move strengthens Planet Ventures’ financial position and supports its focus on Bitcoin acquisition, potentially impacting its market positioning and stakeholder interests.
More about Planet Mining Exploration
Planet Ventures Inc. is an investment issuer focused on disruptive technologies, mining, and acquiring Bitcoin.
Average Trading Volume: 602,509
Technical Sentiment Signal: Buy
Current Market Cap: C$15.36M
See more insights into PXI stock on TipRanks’ Stock Analysis page.