GoldON Resources Settles Debt With Equity

GoldON Resources (TSE:GLD) has released an update.

GoldON Resources Ltd., a mineral exploration company, has successfully settled its debt with six creditors by issuing over 3.17 million common shares at $0.05 each, totalling nearly $159,000. The transaction included shares issued to insiders and comes with a four-month hold period. This strategic financial move is aimed at streamlining the company’s balance sheet while maintaining its focus on discovery-stage property exploration.

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