P2 Gold Inc. Settles Debt and Launches Offering

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

P2 Gold Inc. has successfully finalized an agreement to settle its outstanding debt from the Gabbs Project acquisition and has launched the first tranche of a private placement offering, raising $1,362,000 through convertible debenture units. The settlement includes a payment and share issuance to Waterton Nevada Splitter, LLC, with additional payments due in the next two years. The company also outlined the terms for its ongoing offering, which features convertible debentures with a 7.5% interest rate and accompanying share purchase warrants.

For further insights into TSE:PGLD stock, check out TipRanks’ Stock Analysis page.