Gold Mountain Mining Corp. (TSE:GMTN) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Gold Mountain Mining Corp. has negotiated agreements with secured creditors to settle and defer over $9 million in debt through cash payments and common share issuances. In addition, the company is converting up to $1.5 million in unsecured debt into common shares and has launched a private placement offering aimed to raise $750,000. These financial maneuvers are designed to enhance operations at the Elk Gold Mine and provide general corporate funding without insider participation.
For further insights into TSE:GMTN stock, check out TipRanks’ Stock Analysis page.