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Armory Mining settles $181,200 debt by issuing 6M shares to a former officer, preserving cash and reducing liabilities.

Company Fundamentals
19 Jun 2026
TheNewswire
View Source
Neutral
pluang ai news

Armory Mining Corp. plans to settle $181,200 in debt owed to a former officer by issuing 6 million common shares at $0.0302 each. This move aims to conserve cash for working capital and improve the company's financial position by reducing liabilities. The debt settlement is subject to regulatory approvals and a four-month hold period on the shares. Armory Mining focuses on minerals critical to energy, security, and defense, with projects in Argentina, Nova Scotia, and British Columbia.

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