Aurania Resources (TSE:ARU) has released an update.
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Aurania Resources Ltd. has announced an expansion of their debt settlement initiative to C$2.07 million, converting loans from CEO Keith Barron into common shares to improve the company’s balance sheet. The settlement, priced at C$0.20 per share, aims to preserve cash and is expected to close by May 8, 2024, pending regulatory approvals. This strategic move involves insider participation, with certain conditions set by Canadian securities laws.
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