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Alaska Energy Metals paid creditors with 6.9M shares, citing urgency and TSX approval.
Alaska Energy Metals Corp. issued 6.9 million common shares at $0.10 each to settle $599,408 in debts owed to service providers, including 1.1 million shares to non-arm’s length parties.
The shares, issued under Canadian securities law exemptions, are subject to a four-month hold period ending April 10, 2026.
The board approved the move, with the involved director abstaining.
The company did not file a material change report in advance, citing urgency and TSX Venture Exchange approval.
The transaction, part of a debt restructuring, supports the company’s efforts to strengthen its financial position while advancing critical minerals projects in Alaska and Quebec.
Alaska Energy Metals pagó a los acreedores con 6,9 millones de acciones, citando urgencia y la aprobación de TSX.