Volt Carbon Technologies Closes Shares for Debt Transaction
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Volt Carbon Technologies has completed a Shares for Debt Transaction, issuing 17,392,145 common shares at $0.02 each to settle $347,842.91 in debt, following TSX Venture Exchange approval.
November 08, 2024 | 9:15 pm
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Volt Carbon Technologies issued 17,392,145 shares at $0.02 each to settle $347,842.91 in debt, which may dilute existing shares but improve the company's balance sheet.
The issuance of shares to settle debt can lead to dilution of existing shares, which might negatively impact the stock price. However, settling debt improves the company's financial health, which could be seen positively by investors. The net impact is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100