Funding Received

• 29,050,800 Convertible Notes issued to Apollo at a price of $0.055
• Immediate $1.6 million cash received
• Preparation of the Non-Renounceable Rights Issue Offer documentation  is proceeding

• 29,050,800 Notes issued at an issue price of $0.055 and a maturity date of 30 June 2014.
• Interest of 7.5% per annum to the Notes Holder.  Interest on the Notes accrues every 3 months, but is only payable if the Notes do not convert into Ordinary Shares.
• The Notes may be converted into Ordinary Shares by the Notes Holder at a ratio of 1 Note to 1 Ordinary Share, in accordance with the terms of issue for the Notes.
• The Notes can be converted or redeemed by the Notes Holder at any time after the meeting of Shareholders at the Annual General Meeting.
• Conversion of the Notes after the issue of the shortfall shares to the Note Holder as underwriter will only occur if Shareholder approval is obtained at a meeting of Shareholders.

Read the full announcement

Funding Received

Subscribe to
Email Alerts

� Copyright *2013*. Globe Metals & Mining. All rights reserved