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Lode Metals Corp. ( (TSE:LFG) ) has issued an announcement.
Universal Digital Inc., a company listed on the Canadian Securities Exchange, has successfully closed the first tranche of its private placement of senior secured convertible debentures and common share purchase warrants with Helena Global Investment Opportunities 1 Ltd. The company issued $3,336,364 in convertible debentures and 834,091 warrants, with a raised minimum conversion price of $0.30. The proceeds will primarily be used to purchase Bitcoin, which will be secured under a custodial account. This financing move is expected to strengthen Universal Digital’s financial position and enhance its strategic investments in digital assets.
More about Lode Metals Corp.
Average Trading Volume: 58,939
Technical Sentiment Signal: Sell
Current Market Cap: C$28.57M
For an in-depth examination of LFG stock, go to TipRanks’ Overview page.