Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
An update from Kermode Resources ( (TSE:KLM) ) is now available.
Kermode Resources Ltd. has announced a plan to settle $60,000 of its debts by issuing 6,000,000 common shares, priced at $0.01 per share. This Shares for Debt transaction, aimed at preserving cash for exploration and working capital, is pending approval from the TSX Venture Exchange. A portion of the debt involves insiders, making it a related party transaction under MI 61-101 guidelines. The company intends to use available exemptions, as the transaction’s fair market value does not exceed 25% of its market capitalization.
More about Kermode Resources
Kermode is a junior mining company focused on exploring opportunities globally.
Average Trading Volume: 206,742
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$318.9K
Learn more about KLM stock on TipRanks’ Stock Analysis page.
