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An announcement from True North Gems ( (TSE:TGX) ) is now available.
TGX Energy & Resources Inc. has announced a proposed debt settlement and private placement to address approximately $7.25 million in debt and raise additional capital. The debt settlement involves issuing common shares and units, with the private placement aiming to raise $500,000 for debt retirement, exploration activities, and working capital. Both initiatives are subject to TSX-V approval and are designed to strengthen the company’s financial position and support its strategic objectives.
More about True North Gems
TGX Energy & Resources Inc. operates in the energy and resources industry, focusing on mineral exploration and resource acquisition, including oil and gas. The company is based in Vancouver, BC, and trades on the TSX Venture Exchange under the symbol TGX.
Average Trading Volume: 2,728
Technical Sentiment Signal: Sell
Current Market Cap: C$2.35M
See more data about TGX stock on TipRanks’ Stock Analysis page.