Red Metal Resources Ltd. (TSE:RMES) has released an update.
Red Metal Resources Ltd. has reported significant strategic financial activities, including a share consolidation at a ratio of one new share for every three old shares, coupled with a non-brokered private placement targeting $270,000 in proceeds. Additionally, the company plans to settle $630,000 of debt through the issuance of shares, with both the placement and debt settlement expected to complete by May 31st.
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