Pan American Energy (TSE:PNRG) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Pan American Energy Corp. is planning to address its C$30,000 debt to Ocean Wall Limited by issuing 600,000 common shares at a deemed price of C$0.05 each. The transaction, which is still pending approval from the Canadian Securities Exchange, will include a statutory hold period for the shares and is considered a ‘related party transaction’ due to the involvement of a company director.
For further insights into TSE:PNRG stock, check out TipRanks’ Stock Analysis page.
