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The latest announcement is out from Lode Metals Corp. ( (TSE:LFG) ).
Universal Digital Inc., a Canadian digital-asset-focused investment company, has entered into a debt settlement agreement with Northbay Capital Partners Corp. to reduce its liabilities. The firm targets long-term capital growth by investing in blockchain, cryptocurrencies and other high-growth businesses across both private and public markets.
Under the agreement, the company will settle C$69,146.50 of debt by issuing 987,807 common shares at a deemed price of C$0.07 per share to Northbay, an arm’s-length creditor. The share issuance remains subject to Canadian Securities Exchange approval and will carry a four-month-plus-one-day statutory hold period, with no finder’s fees paid on the transaction.
More about Lode Metals Corp.
Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth sectors, with an emphasis on blockchain, cryptocurrencies and related technologies. The firm pursues long-term capital growth for shareholders through a diversified portfolio of private and public entities, aiming to participate in the ongoing transformation of global finance via digital asset strategies.
Average Trading Volume: 75,884
Technical Sentiment Signal: Sell
Current Market Cap: C$4.24M
For an in-depth examination of LFG stock, go to TipRanks’ Overview page.