$15 million Share and Convertible Note Subscription Secured
Filed with ASX · · 3 pages · English
Summary by 6ix AI
The funds from the share placement will be used to repay amounts owed to Innovative Structured Finance Co. LLC, while the convertible note subscription will also contribute to this repayment and support enhancement initiatives at the Browns Range project. The company plans to use the raised funds for working capital and to accelerate planned initiatives aimed at increasing value from its operations.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Earlier from Northern Minerals
- NTU - Positive signs for rare earth sector
- NTU - Further $3.5 million placement funds received
- NTU Initial $3.5 million placement funds received
- NTU strengthens balance sheet with $20m placement
- Northern Minerals receives final $1m from placement
Later from Northern Minerals
- Strong Balance Sheet facilitates 2018 R&D Loan Repayment
- NTU - Extension drilling commenced at Dazzler and Iceman
- NTU access upgrade from WA Government in State Budget
- NTU - R&D Claim Update
- NTU - Encouraging portable XRF results from Dazzler drilling
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