Keras Resources (GB:KRS) has released an update.
Keras Resources has converted $900,000 of short-term liabilities from its Falcon Isle acquisition into a combined $1,525,000 loan and convertible loan to fund the completion of its Utah phosphate project and general corporate expenses. The restructuring is designed to align the company’s debt profile with its growth trajectory and reduce potential shareholder dilution. Directors and significant shareholders have participated in the financing, demonstrating confidence in the firm’s strategic focus on the North American organic fertilizer market.
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