Newsfile Corp
23 Jan 2026, 23:41 UTC · 38w ago
Millennium Silver Corp. Announces Shares for Debt Transaction
Impact · against what's priced in
Millennium Silver Corp. will face significant shareholder dilution after issuing over 22.5 million shares to settle roughly $338k in debt. While the move preserves cash for working capital, the fact that the majority of the debt was owed to company insiders introduces governance concerns.
- MSC−0.20
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- In context
The company is issuing 22,508,132 common shares to settle $337,622 in debt, creating significant dilution, with a notable portion of that debt owed to directors and officers.
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