On 5 August, KEFI announced the restructuring of its £4m working capital convertible loan facility (of which £3.1m remained undrawn) into a new £1.5m facility, with £1.6m of the original convertible facility still remaining available to it. Importantly, neither the original loan facility nor the new loan facility will henceforward have any security attached to them, which will allow KEFI maximum flexibility in structuring the remaining portion of Tulu Kapi’s fund
21 Aug 2019
KEFI Minerals - Convertible loan note restructuring
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KEFI Minerals - Convertible loan note restructuring
KEFI Gold and Copper PLC (KEFI:LON) | 0.5 0 0.0% | Mkt Cap: 32.1m
- Published:
21 Aug 2019 -
Author:
Charles Gibson -
Pages:
7
On 5 August, KEFI announced the restructuring of its £4m working capital convertible loan facility (of which £3.1m remained undrawn) into a new £1.5m facility, with £1.6m of the original convertible facility still remaining available to it. Importantly, neither the original loan facility nor the new loan facility will henceforward have any security attached to them, which will allow KEFI maximum flexibility in structuring the remaining portion of Tulu Kapi’s fund