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
