Therma Bright Announces Shares for Debt Issuance
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Therma Bright Inc. has announced a shares-for-debt issuance to settle $297,326.50 of debt by issuing 8,495,042 common shares at $0.035 per share, pending TSXV approval.
November 11, 2024 | 10:15 pm
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Therma Bright Inc. is issuing shares to settle $297,326.50 of debt, which may dilute existing shares but improve the company's balance sheet.
The issuance of new shares to settle debt can lead to dilution of existing shares, which may negatively impact the stock price in the short term. However, it also improves the company's financial position by reducing debt.
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