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1844 Resources Inc ( (TSE:EFF) ) has shared an announcement.
1844 Resources Inc. has amended its shares for debt agreements with certain creditors, settling debts totaling $413,067 through the issuance of 3,596,936 common shares at $0.05 per share. Additionally, the company will settle $195,556 in debts with another creditor by issuing 1,758,687 shares at $0.11 per share. The shares issued will be subject to a statutory hold period, and the settlement is contingent on receiving necessary approvals, including from the TSX Venture Exchange.
More about 1844 Resources Inc
1844 Resources Inc. is an exploration company focused on strategic and energetic metals, particularly in the underexplored regions of Gaspé, Québec. The company aims to create shareholder value through the discovery of new deposits, supported by a dedicated management team.
Average Trading Volume: 253,502
Technical Sentiment Signal: Sell
Current Market Cap: C$2.21M
For a thorough assessment of EFF stock, go to TipRanks’ Stock Analysis page.