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Column 1 0 Highlights To read the announcement, please click on the following link > Announcement
- Major shareholders Resource Capital Fund VI L.P. and Pala Investments Ltd extend the maturity date on the existing convertible loan facility by 2 years to 22 April 2020
- Convertible loan facility reduced from US$20m to US$17m
- Conversion Price is A$0.40 per share, interest is 10% for the first 12-month period and 12% thereafter and 22.5m options issued at A$0.50 exercise price
- Extension Fee of 2% of reduced principal amount
- Extended maturity provides balance sheet certainty and supports timing of planned ramp up of low pH operations at Lance Projects
2 Year Extension of Convertible Loan Facility HighlightsMajor...
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