Playground Ventures Inc (TSE:PLAY) has released an update.
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Playground Ventures Inc. has announced plans to address $210,205.24 of its debt by issuing over 4 million common shares at $0.05 each, pending final Canadian Securities Exchange approval. The move includes ‘related party transactions’ as insiders will acquire a significant number of shares, with the company invoking exemptions due to financial difficulties. The debt settlement, which aims to improve the company’s financial position, has been approved by independent board members.
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