Hot Chili Arranges Up To A$13 Million Funding
Filed with ASX · · 7 pages · English
Summary by 6ix AI
The funding is led by Sprott Capital Partners and includes significant participation from major shareholders Taurus Funds Management and CAP. The notes will have a five-year maturity and an annual coupon rate, with the conversion price set at a premium to the company's recent share price. This funding is expected to strengthen Hot Chili's balance sheet amid improving market conditions for copper.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Hot Chili
- Quarterly Report for Period Ending 31st Dec 2016
- S&P DJ Indices Announces March Quarterly Rebalance
- Quarterly Report for Period Ending 30th September 2016
- Mineral Resource and Ore Reserve Annual Review 2016
- Drilling Set to Commence & New Results Extend Sierra Zapallo
Later from Hot Chili
- First Drill Results Confirm Alice Extensions at Productora
- Quarterly Report for Period Ending 31 March 2017
- Hot Chili Closes A$11.3 Million Financing
- Debt Repaid and Drilling Focussing on Key Porphyry Targets
- Quarterly Report for Period Ending 30th June 2017
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