Ramp Metals Inc (TSE:RAMP) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ramp Metals Inc. plans to resolve $131,476.90 in accounts payable through the issuance of 730,424 common shares, priced at $0.18 each. This debt settlement strategy will enable the company to conserve cash for future operations, pending approval from the TSX Venture Exchange. No new control person will emerge from the transaction, which includes a related party transaction exempt from certain requirements.
For further insights into TSE:RAMP stock, check out TipRanks’ Stock Analysis page.