Resource Mining Corporation Limited ( (AU:RMI) ) has issued an update.
Resource Mining Corporation Limited has entered into a Funding Agreement with Ven Capital Pty Ltd, securing a loan facility of up to $250,000. This agreement provides the company with financial flexibility, allowing weekly drawdowns with a choice of payment methods for drawdown fees, and includes a fixed coupon of 10% payable at maturity. The funding is expected to support the company’s operational activities and potentially improve its market positioning.
More about Resource Mining Corporation Limited
Resource Mining Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in extracting and processing minerals, with a market focus on expanding its resource base and enhancing its operational capabilities.
Technical Sentiment Signal: Buy
Current Market Cap: A$3.26M
See more insights into RMI stock on TipRanks’ Stock Analysis page.