Nicola Mining (TSE:NIM) has released an update.
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Nicola Mining plans to settle its outstanding interest on secured convertible debentures by issuing common shares, totaling 1,469,935 shares at $0.28 each, to debenture holders. This debt settlement involves a related party transaction, exempt from certain valuation and approval requirements, and is pending TSX Venture Exchange approval.
For further insights into TSE:NIM stock, check out TipRanks’ Stock Analysis page.
