CKA 2.17% 9.0¢ cokal limited

21/3/24 release " The Company has increased its funding...

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    21/3/24 release " The Company has increased its funding facilities by US $2million to assist in the
    1. transition to regular coal sales, and
    2. regulatory payments of land reclamation bond. "

    Is this an extention of the existing debt facility? Will debt be convert to shares (at what price/date?)? another $2 million in funds to "transition to regular coal sales" and cover existing operating expenses. interested to know future funding options available to company and the likelihood they'll need to draw down.

    did someone say the 2 mill came from a shareholder?
    https://hotcopper.com.au/data/attachments/6065/6065585-003b3eeb737d6ba4a5d774416225ed5a.jpg
    Last edited by roulette: 28/03/24
 
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