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Waraba Gold settles $74K in management fees with shares, plans ongoing quarterly settlements.

Company Fundamentals
08 Sep 2026
Newsfile Corp
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Neutral
Waraba Gold settles $74K in management fees with shares, plans ongoing quarterly settlements.

Waraba Gold Limited completed a quarterly debt settlement by issuing 281,358 common shares worth approximately C$105,691 to settle US$74,378 in management fees owed to directors, officers, and a consultant. The shares were issued at C$0.38 each and are subject to a four-month hold period. The company plans to continue settling future quarterly management fees through share issuance under the same pricing formula, without issuing separate press releases unless material changes occur. Related party transactions involved insiders but were exempt from minority approval due to their size relative to market capitalization. This move helps Waraba reduce liabilities and improve its financial position.

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