Galore Resources (TSE:GRI) has released an update.
Galore Resources Inc. has secured a $47,000 loan from two shareholders, which will fund exploration at the Duraznillo Project and cover operating expenses. The loan, bearing a 10% interest rate and repayable by April 2025, comes with an issuance of bonus shares to the lenders. Additionally, the company has terminated its agreement with Oztoc Metal Corporation and announced a reduction in interest rates on certain company debts.
For further insights into TSE:GRI stock, check out TipRanks’ Stock Analysis page.
