Esstra Industries (TSE:ESS) has released an update.
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Esstra Industries Inc. has successfully completed a shares for debt transaction, converting C$132,000 of debt into 1,320,000 common shares at C$0.10 each to improve its balance sheet and gear up for future growth. This move is part of the company’s strategy to enhance shareholder value and exercise financial prudence. All securities issued will be subject to a four-month hold period.
For further insights into TSE:ESS stock, check out TipRanks’ Stock Analysis page.
