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Red Metal Resources Streamlines Capital Structure

Red Metal Resources Ltd. (TSE:RMES) has released an update.

Red Metal Resources Ltd. has successfully completed a share consolidation, reducing total shares from over 54 million to approximately 18 million, and is now launching a private placement to raise up to $270,000 for working capital. Additionally, the company plans to settle $630,000 in debt by issuing new shares, with both the offering and debt settlement expected to finalize by May 31st.

For further insights into TSE:RMES stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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