The TSX Venture Exchange has accepted for filing the company's proposal to issue 11,131,391 common shares in the capital of the company at a deemed price of eight cents per common share to settle outstanding debt totalling $890,511.28 for repayment of six joint venture financing advances and payment of accrued management consulting fees.
Number of creditors: nine creditors
Non-arm's-length parties: $332,511.28, 4,156,391 shares at eight cents (three parties)
For more details, please refer to the company's news releases dated May 31, 2023, and Aug. 4, 2023.
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