Victory Resources (TSE:VR) has released an update.
Victory Battery Metals Corp. has successfully negotiated the settlement of $463,025 in debt through the issuance of over 9.26 million shares, priced at $0.05 each, significantly strengthening its balance sheet. The company specializes in diversified mineral interests within North America and has made this strategic move without paying any finder’s fees, while also involving certain insiders. All issued securities are subject to a regulatory hold period of four months and a day.
For further insights into TSE:VR stock, check out TipRanks’ Stock Analysis page.