Playground Ventures Inc (TSE:PLAY) has released an update.
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Playground Ventures Inc. has successfully addressed a debt of $210,205.24 by issuing over 4 million common shares, priced at $0.05 each, to its creditors, including certain company insiders. This strategic move, aimed at improving the firm’s financial standing, bypasses the usual minority shareholder approval due to the company’s financial hardships. The decision, unanimously supported by independent board members, awaits final approval from the Canadian Securities Exchange.
For further insights into TSE:PLAY stock, check out TipRanks’ Stock Analysis page.
