11:02:16 EDT Sat 19 Jul 2025
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd (2)
Symbol KLM
Shares Issued 83,342,966
Close 2025-04-04 C$ 0.01
Market Cap C$ 833,430
Recent Sedar Documents

Kermode Resources shares for debt

2025-04-04 18:24 ET - Shares for Debt

The TSX Venture Exchange has accepted for filing the company's proposal to issue four million shares to arm's-length parties at a deemed price of one cent per share to settle the outstanding debt of $40,000 and issue two million shares to a non-arm's-length party at a deemed price of one cent per share to settle outstanding debt for $20,000.

Number of creditors:  four creditors

Total non-arm's-length-party involvement:  $20,000, two million shares at one cent (three creditors)

For more details, refer to the company's news release dated Feb. 10, 2025. The company shall issue a news release when the shares are issued and the debt extinguished.

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