Shine Minerals Corp ( ($TSE:SMR.H) ) has issued an announcement.
Shine Minerals Corp. has announced a strategic initiative to settle $1,151,575 of corporate debt through the issuance of common shares priced at $0.05 each, effectively converting debt into equity. This move is intended to preserve cash, improve working capital, and align with the company’s growth and revenue generation plans for 2025. The settlement requires regulatory and shareholder approvals, with the issuance of new shares potentially creating a control person, necessitating further shareholder consent.
More about Shine Minerals Corp
Shine Minerals Corp. operates in the mineral exploration industry, focusing on the identification and development of mineral properties. The company is engaged in strategic capital investments and aligning its operations with long-term growth objectives.
YTD Price Performance: 25.00%
Average Trading Volume: 34,916
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.35M
Learn more about SMR.H stock on TipRanks’ Stock Analysis page.