URU Metals Extends Convertible Loan Term

URU Metals (GB:URU) has released an update.

URU Metals Limited has announced an extension of their convertible loan repayment date with Boothbay Absolute Return Strategies LP to December 31, 2024. The total amount advanced by Boothbay stands at US$500,000, which, unless repaid, may convert into shares at a substantial discount. Additionally, any new ordinary shares arising from the loan conversion will come with warrants exercisable at £0.85 per share for 18 months.

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