Chariot Corporation Limited ( (AU:CC9) ) has provided an update.
Chariot Corporation Limited has secured a convertible note financing agreement with Obsidian Global GP, LLC, allowing it to raise up to A$2.0 million. The initial drawdown of A$600,000 will support ongoing exploration activities, providing capital flexibility without the dilution associated with standard equity capital raising. The notes, which have a 12-month maturity and are convertible at A$0.14 per note, offer redemption flexibility and are expected to bolster Chariot’s financial position in the competitive lithium market.
More about Chariot Corporation Limited
Chariot Corporation Limited is a company involved in exploration projects, particularly in the challenging lithium market. The company focuses on securing capital to advance its operations while minimizing equity dilution.
YTD Price Performance: -33.57%
Average Trading Volume: 83,288
Technical Sentiment Signal: Buy
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