INTERIM WORKING CAPITAL FUNDING COMPLETED
HIGHLIGHTS
* Volt raises $1 million from institutional and sophisticated investors through a 12-month convertible loan facility
* Conversion price of $0.05 which is at a substantial premium to the prevailing share price
* Interim funding measure while development funding for Stage 1 project is secured
INTRODUCTION:
Volt Resources Limited (ASX: VRC), (“Volt” or the “Company”) is delighted with the support received from institutional and sophisticated investors that has enabled the Company to raise $1m for working capital purposes through a 12-month convertible loan facility. The terms of the convertible loan funding demonstrates the confidence that these investors have in Volt’s strategy to fast track mining operations to facilitate the transition to producer status and commence generating cash flow.
INTERIM WORKING CAPITAL FUNDING COMPLETED HIGHLIGHTS * Volt...
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $16.63M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $16.77K | 4.164M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 28396832 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 30630 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| VRC (ASX) Chart |