Aton Resources (TSE:AAN) has released an update.
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Aton Resources Inc. has successfully completed a debt settlement by issuing 28,700,063 common shares to significant shareholder OU Moonrider, effectively converting CAD$6,314,013.87 of debt into equity. This strategic move, intended to improve Aton’s financial situation, has resulted in Moonrider’s increased ownership to approximately 70.38% of Aton’s outstanding shares. The shares from this transaction are subject to a four-month hold, signaling a commitment to the company’s future.
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