OTCQX:GLDXF - Post by User
Comment by
Heywood_Silverson Jul 16, 2020 11:45am
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Post# 31276183
RE:Gldx halted
RE:Gldx haltedNews is that all existing debt was converted into shares. Gold X is totally debt-free now. After conversion, Gran Colombia will own 20.1% of the company and WPM will own 9.5%.
Good for Gran Colombia. Next they need to convert all their warrants and continue to purchase shares in the open market. If they don't get up to 30% they might not be able to retain control of Toroparu long term.
CEO indicated the debt conversion shows strong commitment to the project and its prospects by the insiders.