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Paragon Advanced Labs settles $2M debt by issuing shares, reducing balance sheet risk.

Company Fundamentals
12 Jun 2026
Newsfile Corp
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Bullish
pluang ai news

Paragon Advanced Labs Inc. has agreed to settle $2 million in outstanding debt by issuing 1,356,135 common shares at a price of C$2.42 each. This debt relates to a secured promissory note from its Paragon Geochemical acquisition. The creditor will hold about 6% of the company's shares after the settlement, aligning their interests with the company's success and reducing financial risk. The transaction is pending approval from the TSX Venture Exchange and compliance with securities laws.

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