tiprankstipranks
Echo Energy Boosts Funds for Peruvian Gold Venture
Company Announcements

Echo Energy Boosts Funds for Peruvian Gold Venture

Echo Energy (GB:ECHO) has released an update.

Don't Miss Our Christmas Offers:

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.

For further insights into GB:ECHO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskNativo Resources Revises Acquisition Terms for Morrocota Gold Mine
TipRanks UK Auto-Generated NewsdeskNativo Resources Updates Morrocota Acquisition and Share Subscription Plans
TipRanks UK Auto-Generated NewsdeskNativo Resources Expands Gold Mining Operations in Peru
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App