EGR Exploration Ltd. (TSX-V:EGR) has issued 1.5 million shares at $0.10 per share, raising $150,000, and converted its Convertible Note issued in November 2022.
With this issuance, the company is now debt-free.
The Convertible Note, with a principal of $150,000, had a two-year term, 0% interest, and was convertible into shares at $0.18 in the first year or at market price (or $0.10) in the second year.
EGR is now focused on advancing the Detour West Project, with a winter drill program set to start in January.