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Medaro Mining Corp. Initiates Shares for Debt Settlement

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Medaro Mining Corp. Initiates Shares for Debt Settlement

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Medaro Mining ( (TSE:MEDA) ) has issued an update.

Medaro Mining Corp. has announced a debt conversion agreement with certain creditors to settle a debt of $297,682 by issuing 3,166,826 common shares at $0.094 per share. This transaction aims to improve the company’s financial position by reducing liabilities and is pending approval by the Canadian Securities Exchange.

More about Medaro Mining

Medaro Mining Corp., based in Vancouver, BC, is an exploration company with options in several lithium properties in Quebec and Ontario. The company is also involved in a joint venture to develop a process for extracting lithium from spodumene concentrate.

YTD Price Performance: -16.00%

Average Trading Volume: 12,760

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.22M

For detailed information about MEDA stock, go to TipRanks’ Stock Analysis page.

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