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An announcement from Lode Metals Corp. ( (TSE:LFG) ) is now available.
Universal Digital Inc. has terminated a US$3.34 million senior secured convertible debenture financing with Helena Global Investment Opportunities 1 Ltd., extinguishing all related conversion rights, warrants and future funding obligations and thereby simplifying its capital structure. As part of a negotiated settlement, Helena will retain all assets previously held in a custodial account securing the debentures, and Universal Digital has issued a three-month, non-convertible US$300,000 promissory note secured against certain ReYuu Japan Inc. equity, a move that reduces potential equity dilution but introduces a short-term secured debt obligation as the company continues to focus on executing its digital asset investment strategy.
More about Lode Metals Corp.
Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth businesses, targeting both private and publicly listed entities with an emphasis on blockchain, cryptocurrencies and related technologies. The firm pursues a diversified investment strategy aimed at delivering long-term capital growth while positioning itself in the evolving landscape of digital finance.
Average Trading Volume: 68,754
Technical Sentiment Signal: Sell
Current Market Cap: C$5.54M
See more insights into LFG stock on TipRanks’ Stock Analysis page.