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Gold Runner Exploration Settles Debt with Securities Issuance

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Gold Runner Exploration Settles Debt with Securities Issuance

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Crestview Exploration ( (TSE:GRUN) ) has issued an announcement.

Gold Runner Exploration Inc. has announced the issuance of securities to settle certain debts, subject to Canadian Securities Exchange approval. The company will issue 920,000 units, consisting of common shares and warrants, to directors, officers, and a third-party vendor in lieu of cash payments. This transaction is considered a related party transaction but is exempt from certain requirements due to its size relative to the company’s market capitalization. The move does not result in any new insider or control person for the company and is not registered under U.S. securities laws.

More about Crestview Exploration

Gold Runner Exploration Inc. is an experienced exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Canada and the USA. The company’s flagship asset is the Rock Creek gold project, and it has expanded its land position with the Dry Creek and Falcon silver-gold prospects. Gold Runner also holds a 10% carried interest in the Cimarron project in Nevada.

Average Trading Volume: 17,419

Technical Sentiment Signal: Sell

Current Market Cap: C$847.6K

Learn more about GRUN stock on TipRanks’ Stock Analysis page.

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