MetalNRG Secures Funding for Strategic Acquisition

MetalNRG Plc (GB:MNRG) has released an update.

MetalNRG Plc has raised £475,000 through convertible loan notes to fund its proposed acquisition of Compagnie Minière de l’Oumejrane S.A. and for general corporate purposes. These loan notes come with a 15% annual coupon and can be converted into shares at a 20% discount under specific conditions. This move is part of MetalNRG’s strategy to bolster its financial position and expand its operations.

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