Journey Energy (OTC) (TSE:JOY) has released an update.
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Journey Energy Inc. reported a profitable year with $15.8 million in net income and a strong adjusted funds flow of $66.1 million for 2023. The company made significant strides in its power generation business, generating over 24,000 MWH of electricity and initiating construction of a new facility. Additionally, Journey secured $20.1 million through a flow-through share financing and announced a $38 million convertible debenture financing to further bolster its financial position and fund upcoming projects.
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