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Traction Uranium Announces Debt Settlement via Securities Issuance

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Traction Uranium Announces Debt Settlement via Securities Issuance

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The latest announcement is out from Traction Exploration ( (TSE:TRAC) ).

Traction Uranium Corp. has entered into agreements to settle debts totaling $283,400 by issuing 1,288,181 units, each comprising one common share and one share purchase warrant. This transaction includes related party transactions but relies on exemptions from valuation and minority shareholder approval requirements. The agreements are pending approval from the CSE, and the issued securities will have a hold period of four months and one day.

More about Traction Exploration

Traction Uranium Corp. is engaged in mineral exploration and the development of discovery prospects in Canada, focusing on its uranium project in the Athabasca Region.

Average Trading Volume: 12,653

Technical Sentiment Signal: Hold

For detailed information about TRAC stock, go to TipRanks’ Stock Analysis page.

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