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    Home»Mining & Resources»HIRU Corporation Successfully Completes Sale of eCommerce Subsidiary
    Mining & Resources

    HIRU Corporation Successfully Completes Sale of eCommerce Subsidiary

    Alexander LeeBy Alexander LeeAugust 22, 2024Updated:August 22, 2024No Comments2 Mins Read
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    On August 22, 2024, HIRU Corporation announced the successful sale of its eCommerce subsidiary, The Fixture Place. The strategic decision to divest this subsidiary underscores HIRU’s commitment to optimizing shareholder value by focusing on its core mining operations in Australia.

    The sale of The Fixture Place was structured as a transaction valued at $2,500,000.00, consisting of a combination of cash and restricted shares. This divestiture is part of HIRU’s broader strategy to streamline operations and concentrate on maximizing the potential of its mining project in Australia. The company believes that this strategic move, along with a reduction in common shares in the public float and ongoing mining initiatives, will unlock further value for stakeholders and shareholders.

    In other company developments, new management and a new preferred shareholder assumed control of HIRU on or around July 31, 2024. The company has applied for access codes from the SEC and OTC, a process that is expected to be completed shortly. Meanwhile, HIRU has disclosed the CEO’s acquisition of approximately 1.2 billion shares of HIRU common stock on the corporate website. The company will also release full mining and cooperation agreements related to the Australian mining project in the near future.

    HIRU Corporation is focused on developing its copper and nickel mining project in northwestern Australia while upholding responsible resource extraction practices. The company is dedicated to creating value for its shareholders through sustainable mining operations.

    It is important to note that certain statements made by HIRU may constitute forward-looking statements, subject to uncertainties and risks. While the company makes these statements based on reasonable assumptions, there is no guarantee that actual results will align with forward-looking projections. Investors are advised against placing undue reliance on such statements.

    For more information, please refer to the original press release at https://www.newsfilecorp.com/release/220790.

    SOURCE: Hiru Corporation

    completes corporation ecommerce hiru sale subsidiary
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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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