Galleon Gold to Issue Shares for Debenture Interest
Company Announcements

Galleon Gold to Issue Shares for Debenture Interest

Story Highlights

Galleon Gold (TSE:GGO) has released an update.

Galleon Gold Corp. has decided to fulfill its interest payment obligations on convertible debentures by issuing common shares, subject to TSX Venture Exchange approval. This move involves related party transactions, but exemptions apply as the value of the shares issued does not exceed 25% of the company’s market capitalization.

For further insights into TSE:GGO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskGalleon Gold Remembers Esteemed COO
TipRanks Canadian Auto-Generated NewsdeskGalleon Gold Sets Course at Shareholders Meeting
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App