Golden Matrix Group Inc. Converts $2 Million Debt to Equity, Demonstrating Confidence in Company's Growth

Golden Matrix Group Inc. Converts $2 Million Debt to Equity, Demonstrating Confidence in Company's Growth

Key Takeaways (TLDR)

• Founder of Meridianbet converts $2,000,000 debt into equity, boosting Golden Matrix Group's financial position.

• Founder's decision reduces debt from $2,805,671 to $805,671, improving Golden Matrix's Net Debt Leverage.

• This strategic move aligns key stakeholders' interests with GMGI’s long-term growth prospects, fostering sustainable success.

• Golden Matrix Group's founder converting debt to equity reflects confidence in the company’s potential for sustained growth.

Why it Matters

This news matters as it showcases the founder's confidence in the company's performance and long-term outlook. The strategic decision to convert debt to equity reinforces the belief in sustained growth and aligns key stakeholders' interests with the company's prospects for further success.

Summary

Golden Matrix Group Inc. announces the conversion of $2,000,000 of debt owed to founder Aleksandar Milovanović into equity. This strategic decision reflects confidence in the Company’s performance and commitment to sustained growth. The move also improves the Company’s Net Debt Leverage and aligns stakeholders’ interests with long-term prospects for further growth and success.

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