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Financings

Pegmatite One issues 2.46 million shares for debt

By The Northwire Desk — AI Analysis Oct 17, 2025 · 17:30 PGA · 0.09 Pegmatite One Lithium and Gold Corp
PGA · Price

Executive Summary

  • Pegmatite One Lithium and Gold Corp. settled outstanding indebtedness of $209,500 by issuing 2,464,708 common shares at $0.085 per share.
  • The settlement reduces the company’s debt load and improves its balance sheet position.
  • Issued shares are subject to a four‑month‑and‑one‑day hold period and require approval from the Canadian Securities Exchange.

Key Details

  • Outstanding indebtedness settled: $209,500.
  • Shares issued for settlement: 2,464,708 common shares.
  • Issue price per share: $0.085 (8.5 cents).
  • Total gross proceeds from the issuance: ≈ $209,500 (matching debt amount).
  • Hold restriction: four months and one day from date of issuance.
  • Settlement is contingent upon approval by the Canadian Securities Exchange.

Notable Quotes

(No quotes provided in the release.)

Read the original news release →

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