Fidelity Minerals Corp (TSE:FMN) has released an update.
Fidelity Minerals Corp. has successfully completed a shares for debt transaction, settling a total debt of $701,882.50 through the issuance of over 14 million common shares. The transaction included resolving debts to company insiders and a significant shareholder, Lions Bay Capital Inc., which provided substantial unsecured loans to Fidelity. The shares issued are subject to a four-month hold period, underscoring Fidelity’s commitment to long-term value creation for its stakeholders.
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