Defense Metals Announces Share-Based Interest Payment
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Defense Metals Corp. will issue 491,807 shares to satisfy interest payments on convertible notes, totaling C$100,821.92, due as of January 11, 2025. The notes mature on October 11, 2025.
January 13, 2025 | 12:30 pm
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Defense Metals Corp. is issuing 491,807 shares to satisfy interest payments on convertible notes, which may lead to short-term stock dilution.
The issuance of new shares to satisfy interest payments can lead to stock dilution, potentially impacting the stock price negatively in the short term. The relevance is high as the action directly affects shareholders, and the importance is significant due to the dilution effect.
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RELEVANCE 100