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Bullboard - Stock Discussion Forum Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which... see more

TSXV:PHD - Post Discussion

Providence Gold Mines Inc > As for who the debt was owed, and the group that forgave it
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Post by 2021Gamble on Feb 28, 2023 12:50pm

As for who the debt was owed, and the group that forgave it

We've all read the financials

We know who the debt was owed to

It's been forgiven and wasn't a shares for debt

.... And given @kozmot.  that even you were able to figure out the people and the firms to which the debt was owed to means that it was crystal clear to the rest of us

It's fabulous news all around

Cheers PHD!!
Comment by givemeabreak1 on Feb 28, 2023 1:04pm
Gamble it obviously went over your head.  I will keep it simple so even you can I understand.  I have both managed company's and been on a board of directors.  If a supplier or service provider came to me as managent and said hey you know that payable you have not paid forget about it we are forgiving it.  I would say great thanks.  At the next board meet it would be ...more  
Comment by 2021Gamble on Feb 28, 2023 1:16pm
Also a ridiculous answer.....go pat yourself on the back, or pour another drink - your opinion is worth less than the water out of the tap. Given it is insiders making the offer, including a member of the BOD, as well as likely the CFO and/or his company, It is only prudent that it be brought to the board for approval - especially given it is highly likely it is not a quid pro quo - based on all ...more  
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