Prismo Metals Inc. (TSE:PRIZ) has released an update.
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Prismo Metals Inc. has successfully completed a debt settlement by issuing over 2.8 million shares and a private placement raising CAD$128,250 through the sale of units. Significant shares went to companies with close ties, including one controlled by the CEO, showcasing strong internal confidence in Prismo’s projects. The financial maneuvers included share issuance in lieu of cash for exploration costs and option payments, reflecting strategic corporate support and flexibility.
For further insights into TSE:PRIZ stock, check out TipRanks’ Stock Analysis page.