Storm Exploration Clears Debt with Equity Issue

Storm Exploration Inc (TSE:STRM) has released an update.

Storm Exploration Inc. has successfully completed a Shares for Debt transaction, issuing 4.2 million common shares to clear $210,000 of its debt with certain creditors, which includes an insider portion exempt from certain regulatory requirements. These shares are subject to a four-month hold period post-issuance. Storm is a Canadian mineral exploration firm, advancing five major projects across the country.

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