Divergent Energy Services (TSE:DVG) has released an update.
Divergent Energy Services Corp. has completed a shares for interest transaction, issuing over 2.3 million common shares to settle a $35,839.04 interest obligation on its debentures. The transaction, which is still subject to TSX Venture Exchange approval, involves issuing shares to directors, officers, and significant shareholders, with certain regulatory exemptions. This strategic move is part of the company’s capital management efforts and includes a mandatory hold period until August 2024.
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