Coloured Ties Capital (TSE:TIE) has released an update.
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Quebec Pegmatite Holdings Corp. and Coloured Ties Capital Inc. have agreed to resolve a $1.2 million debt through the transfer of shares, subject to regulatory approvals. This move, considered a ‘related party transaction,’ aims to improve Quebec Pegmatite’s financial standing without exceeding 25% of Coloured Ties’ market cap. The deal has been ratified by independent members of Quebec Pegmatite’s board, without forming a special committee.
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