P2 Gold Converts Debenture Interest into Shares

P2 Gold (TSE:PGLD) has released an update.

P2 Gold Inc. has chosen to pay the interest due on its Convertible Debentures by issuing common shares to the debenture holders, amounting to approximately 280.84 shares per $1,000 of debenture value. The decision is pending approval from the TSX Venture Exchange. P2 Gold focuses on developing its Gabbs Project in Nevada, which is expected to have a substantial life span and production rate.

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