shares in Rafaella Resources surged as the company unveiled a lithium buy in Quebec mining resources investment Canada BatteryMinerals criticalminerals Battery
PERTH – The share price of ASX-listed Rafaella Resources surged on Tuesday on news that the company has struck a deal to acquire the Horden Lake polymetallic/battery metals deposit, in Quebec.
A further A$1-million will be raised through a convertible bridge loan note executed with Riverfront Global Capital, which can be drawn down in A$500 000 tranches. Depending upon which funding options the board determines are most favourable, the two existing commitments may or may not form part of the final funding package.
The company currently has insufficient capacities to issue securities to meet the conditions precedents for the two facilities. Based on current commitments, a further C$2-million in equity may need to be raised for which there are currently insufficient capacities. To meet any required capacity requirements, shareholder approval will be sought prior to drawdown.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assessing Your Organization's Customer Data Maturity | HackerNoon'Assessing Your Organization's Customer Data Maturity' customerdata customerdatamanagement
Read more »
KKR Makes Piece of PE Fund Available on Public BlockchainThe tokenized fund will allow individuals to invest smaller amounts than would be required of institutions.
Read more »
Endangered status sought for snail near Nevada lithium mineConservationists are seeking Endangered Species Act protection for a tiny Nevada snail half the size of a pea that is known to exist only in high-desert springs around a huge lithium mine planned near the Oregon state line
Read more »
Conservative caucus united following Poilievre’s victory, MPs say\u0027Sixty\u002Deight per cent doesn’t look like division to me,\u0027 said MP Rick Perkins, who co\u002Dchaired former Quebec premier Jean Charest’s campaign
Read more »
ARK Invest's new chief futurist sees 'unprecedented' asset value appreciation: ExclusiveCathie Wood's ARK Invest has seen its big bets on cryptocurrency and tech sour over the past year, but that's not deterring the asset manager from
Read more »
What is a gold-backed token and how does it work?If you love gold and crypto, this may be the holy grail. Gold-backed tokens are getting increasingly popular as a more accessible alternative to investing in physical gold.
Read more »