EMR extended the loan facility from $13M to $16M on March 12th
BZ have drawn down $13.7M to date, $12M of which has been drawn down in 2024 - so quite a ramp up in costs.
Once the offer has closed - BZ will undertake a fundraising to pay back the $16m as well as fund ongoing drilling and exploration activities and working capital requirements.
No more loans from EMR, paid back in arrears - time to raise funds in advance now (as well as pay back the $16M borrowed) And I'm assuming that will be done by issuance of new shares (and dilution of non EMR holders who don't take up their rights). Last fundraising was 1 share for every 21 held, at 29c per share,
Ann: Third Supplementary Target's Statement, page-2
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$3.69 |
Change
-0.010(0.27%) |
Mkt cap ! $2.421B | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.70 | $3.57 | $7.560M | 2.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4637 | $3.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 25645 | 5 |
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