RXM rex minerals limited
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Rex Minerals (ASX:RXM) pays off $4.4M loan and becomes debt free

  1. TheMarketOnline
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    25/05/21
    15:11
    Post #: 53402457
    • Rex Minerals (RXM) has paid off a $4.4 million loan facility, making the gold and copper exploration business debt free
    • The materials stock first entered into the loan agreement in February 2020, to fund exploration work at its Hillside and Hog Ranch projects
    • It managed to repay the facility using funds from a recent $9.5 million capital raise, where RXM issued close to 40 million shares at 24 cents each
    • The company has thanked the lenders for their support, noting the loan came at an important time for the junior explorer

    Read the Full Article on The Market Herald here
    RXM Price at posting: 40.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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