Carlyle Commodities (TSE:CCC) has released an update.
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Carlyle Commodities Corp. has finalized the settlement of outstanding debts totaling $190,346 by issuing over 3.8 million common shares to insiders and consultants. The share issuance is part of a related party transaction but is exempt from certain regulatory requirements, and will be subject to a statutory hold period of four months and one day.
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