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The latest announcement is out from Lode Metals Corp. ( (TSE:LFG) ).
Universal Digital Inc. has entered into a debt settlement agreement with an arm’s length creditor to extinguish C$29,933.75 of indebtedness through the issuance of 332,597 common shares at a deemed price of C$0.09 per share. The transaction remains subject to Canadian Securities Exchange approval, and the new shares will be subject to a four-month-plus-one-day hold period once issued under applicable securities laws.
By converting debt into equity, the company modestly strengthens its balance sheet and adjusts its capital structure without an immediate cash outlay. Existing shareholders face a small degree of dilution, while the move underscores the firm’s continued use of equity-based tools to manage liabilities as it pursues its digital asset-focused investment strategy.
More about Lode Metals Corp.
Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth industries, with an emphasis on blockchain, cryptocurrencies and related technologies. The firm pursues a diversified investment approach in both private and publicly listed entities, aiming to deliver long-term capital growth while participating in the evolution of global finance through digital asset strategies.
Average Trading Volume: 87,743
Technical Sentiment Signal: Sell
Current Market Cap: C$6.19M
For a thorough assessment of LFG stock, go to TipRanks’ Stock Analysis page.