Echo Energy (GB:ECHO) has released an update.
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Echo Energy PLC announces a successful £418,245 fundraising through new share issuance for advancing their Peruvian joint venture Boku Resources, aiming to kickstart gold production at the Tesoro Gold Concession by September 2024. Additionally, Echo has terminated a previous convertible loan note deed and appointed Peterhouse Capital Limited as its joint broker. The raised funds will also be directed towards a final investment decision on a tailings deposit project and strengthening the company’s balance sheet.
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