Welcome to our dedicated page for Metalite Resources news (Ticker: JNCCF), a resource for investors and traders seeking the latest updates and insights on Metalite Resources stock.
Metalite Resources Inc. reports corporate and capital-structure developments as a public resources issuer traded on the CSE as METL and on OTC Pink as JNCCF. Company news has centered on governance changes, auditor appointments, incentive stock options, shares-for-debt settlements, and common-share consolidation activity. Updates have also addressed the status of its subsidiary, Next Generation Resources Inc., including its bankruptcy filing under Canadian insolvency law.
Metalite Resources Inc. (OTC: JNCCF) has announced shares for debt transactions to settle $126,490.69 of outstanding debt owed to three arm's length consultants. The company will issue 5,749,576 common shares at a deemed price of $0.022 per share. The Settlement Shares will be subject to a four-month hold period following their issuance and will be issued under prospectus exemptions according to Canadian securities law.
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