The British company, which worked in Morocco, announced Critical Mineral Resources (CMR) PLC on Monday that he was with Gilini Holdings Ltd. signed a financing contract of £ 2.5 million (approx. 31 million dh). These funds enable the mining company to support project acquisitions, expansion and general working funds.
The financing is structured in several tranches, with 425,000 sterling pounds in the form of convertable credit cards in December 2028, an interest rate of 15% per year and convertible with 1.1 pence per share. The linked bond titles also include subscription vouchers that were exercised at 1.3 pence per share.
With regard to the 2nd tranche, which is expected in the second quarter of 2025, it will be £ 1.33 million, including a share subscription to 1.45 pence per share and an additional convertible loan of 500,000 pounds at the same price with an interest rate of 5%. A third tranche of 750,000 pounds of Sterling is planned for the 1st quarter of 2026 with actions at the price of 1.53 pence. Note that the second and third financing discs are still on the final performance by the company of the agreements for projects for the development of copper or manganese in Morocco. The investor has the option of accelerating the financing in accordance with the company’s capital needs.
EMG
