Champion Bear Resources Ltd - Mining Stock Analysis & Updates
Latest News and Market Performance for Champion Bear Resources Ltd
Perm ID: 1-4296098540
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Champion Bear Completes Shares for Debt Transaction
Champion Bear Resources Ltd. has settled and extinguished $961,673.45 of its outstanding debt by issuing 14,794,976 common shares to seven creditors. The debt settlement, approved by the TSX Venture Exchange, involves issuing shares to the company's President and CEO, directors, and the CFO. This move aims to conserve cash and improve the company's balance sheet. The shares issued will be subject to a four-month hold period.
Champion Bear Resources Announces Results of Annual General Meeting
At Champion Bear Resources Ltd.'s Annual General Meeting on October 24, 2024, shareholders approved five directors for the following year, appointed Kenway Mack Slusarchuk Stewart LLO as Company Auditor, re-approved the Stock Option Plan, and approved the Company Shares for Debt Plan. David Haigh was not re-elected as a director due to lack of majority support. The board expressed gratitude for his 27-year service and indicated that it might fill the remaining director vacancies in the coming months. Champion Bear is a mineral exploration company based in Ontario, with over 16,000 hectares of land in the Dryden and Sudbury areas.
