Ocumetics Technology Corp. is trading about 6% up today at CA$0.57 after the company announced a significant debt-for-equity swap that strengthens its financial position.
- Debentureholders converted $1.4 million of principal into common shares of the Company.
- This conversion represents a 35% reduction in the company's outstanding debenture principal, significantly strengthening its balance sheet.
- The company stated the move reflects investor confidence as it continues to advance its patient study program toward key milestones.