Gold Mountain Mining Corp. (TSE:GMTN) has released an update.
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Gold Mountain Mining Corp. has successfully completed a financing round, securing $6.5 million through the issuance of a convertible secured debenture to an insider investor, Nhwelmen Construction LP. The debenture can transform into over 81 million common shares and carries a 10% annual interest, maturing in ten years. This financial move aims to bolster the company’s position without affecting overall control.
For further insights into TSE:GMTN stock, check out TipRanks’ Stock Analysis page.