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,
- Forums
- ASX - By Stock
- Ann: Third Supplementary Target's Statement
EMR extended the loan facility from $13M to $16M on March 12thBZ...
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.41 |
Change
0.000(0.00%) |
Mkt cap ! $2.146B |
Open | High | Low | Value | Volume |
$3.45 | $3.50 | $3.38 | $3.946M | 1.156M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 23243 | $3.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.41 | 2897 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 6709 | 3.390 |
3 | 14363 | 3.380 |
5 | 50166 | 3.370 |
3 | 17236 | 3.360 |
2 | 11161 | 3.350 |
Price($) | Vol. | No. |
---|---|---|
3.410 | 2897 | 1 |
3.420 | 6840 | 3 |
3.430 | 11489 | 2 |
3.440 | 16867 | 4 |
3.450 | 11489 | 2 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
Last
$3.40 |
  |
Change
0.000 ( 0.68 %) |
|||
Open | High | Low | Volume | ||
$3.43 | $3.49 | $3.38 | 374621 | ||
Last updated 15.59pm 26/04/2024 ? |
Featured News
EMR (ASX) Chart |