Bushveld Minerals Limited (LON: BMN) satisfies conditions for the drawdown of USD 30 million

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Bushveld Minerals Limited (LON: BMN) satisfies conditions for the drawdown of USD 30 million

 

Bushveld Minerals Limited (LON: BMN) has satisfied the conditions required to drawdown the USD 30 million under the PFA (Production Financing Agreement) and the unsecured Convertible Loan Notes of USD35 million.

  • The Convertible Loan Notes first announced on 30 September 2020 are to be subscribed by Orion Mine Finance.
  • The company has further reported that it is in the process of drawing down funds under the PFA and has given notice to Orion to drawdown on the full amount of USD35 million under the Convertible Loan Notes.
  • The stocks of the company, on 30 November 2020, traded higher by 3.06% from its previous closing, hovering at around GBX 12.63 at 08:05 AM GMT+1.

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