Vatic Ventures (TSE:VCV) has released an update.
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Vatic Ventures Corp. is seeking approval for a new round of financing to raise up to $750,000 and to resolve outstanding debts through share issuance. The financing involves the sale of units comprising common shares and purchase warrants, while the debt settlement will be conducted by issuing shares to a creditor. These moves aim to bolster the company’s working capital and further its mineral exploration and development efforts.
For further insights into TSE:VCV stock, check out TipRanks’ Stock Analysis page.