Strathmore Plus Energy (TSE:SUU) has released an update.
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Strathmore Plus Uranium Corporation is set to enhance its financial flexibility by securing a convertible loan financing of up to CDN$250,000, primarily subscribed by insiders. The 12-month unsecured note will bear a 9% annual interest rate, with conversion options into shares and warrants, strengthening the company’s treasury while providing investment opportunities to noteholders.
For further insights into TSE:SUU stock, check out TipRanks’ Stock Analysis page.
