Esstra Industries Converts Debt into Equity

Esstra Industries (TSE:ESS) has released an update.

Esstra Industries Inc. announces a significant step in improving its financial health by settling a $132,000 debt with the issuance of over a million shares, priced at C$0.10 each. This move is aligned with the company’s strategy to enhance shareholder value and fortify its balance sheet for future growth. The transaction is pending regulatory approval and involves a standard four-month hold period for the new securities.

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