Royalty Management converts remaining $150,000 in notes to equity

Royalty Management Holding Corporation (NASDAQ: RMCO) converted approximately $150,000 in remaining promissory notes to common stock, eliminating all company debt except vendor payables, according to a company statement.

The conversion was completed at current market share prices through agreements with note holders. The transaction follows previous debt conversions completed the prior week.

"This is another exciting development for the Company on the heels of last week's initial debt conversions," said Thomas Sauve, Chief Executive Officer. "With all our notes repaid or redeemed, the only debt the Company now has is various vendor payables that come due under the normal course of our business."

The company stated the debt elimination positions it to use cash flow from operations for investments in critical minerals, alternative currencies, and other royalty opportunities.

Royalty Management describes itself as a royalty company that acquires and develops assets in resource-driven and emerging technology industries.

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