Xigem Technologies Inc (TSE:XIGM) has released an update.
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Xigem Technologies Corporation is set to strengthen its financials by converting $160,000 of debt into equity at $0.05 per share and seeking additional funds through a private placement aiming to raise $230,000 at $0.042 per unit. The strategic financial maneuvers are designed to support the company’s growth ambitions and will adhere to Canadian Securities Exchange regulations, with shares subject to a four-month hold. Xigem’s focus on the remote economy positions it as an emerging player in the tech industry, with innovative solutions like iAgent and FOOi.
For further insights into TSE:XIGM stock, check out TipRanks’ Stock Analysis page.
