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Fidelity Minerals Corp ( (TSE:FMN) ) has shared an announcement.
Fidelity Minerals Corp. has announced a Shares for Debt Settlement agreement, issuing 3,361,344 common shares at a price of $0.13 per share to settle approximately $436,975 in debt owed to Lions Bay Capital Inc., a major shareholder. This move is intended to preserve the company’s funds for operations and is subject to approval by the TSX Venture Exchange, with implications for the company’s financial strategy and stakeholder relationships.
More about Fidelity Minerals Corp
Fidelity Minerals Corp. is a company focused on assembling a portfolio of high-quality mining assets, primarily targeting large-scale copper and gold deposits. The company aims to delineate major deposits that could attract interest from mid-tier and major mining companies, with its most advanced project being Las Huaquillas in Northern Peru. Fidelity is also seeking to expand its project portfolio through strategic acquisitions, supported by an experienced management team and committed investors.
Average Trading Volume: 37,080
Technical Sentiment Signal: Sell
Current Market Cap: C$2.82M
For detailed information about FMN stock, go to TipRanks’ Stock Analysis page.