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Getty Copper ( (TSE:GTC) ) just unveiled an update.
Getty Copper Inc., a company listed on the TSX Venture Exchange under the symbol GTC, has finalized a debt settlement involving the issuance of 11,650,000 common shares to settle $582,000 of debt. This strategic move includes issuing shares to non-arm’s-length creditors, mainly controlled by John Lepinski, a significant controller of the company, and issuing share purchase warrants to an arm’s-length creditor. This action may help stabilize the company’s financial position and potentially enhance its market perception by addressing its debt obligations.
More about Getty Copper
YTD Price Performance: 26.67%
Average Trading Volume: 35,254
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.3M
See more insights into GTC stock on TipRanks’ Stock Analysis page.
