First Class Metals plc has agreed a convertible loan note for £500,000 with an “international institutional investor” to fund drilling the Dead Otter gold trend on North Hemlo in Ontario, Canada. USES The interest-free CLN matures in 12 months and has a conversion price of 80% of the lowest five-day VWAP prior to any conversion notice. The […]
Tag: asset sale
Vermilion exits USA to focus on Europe-Canada
Vermilion Energy Inc. has agreed a CA$120 million (£64.7m) sale of its remaining United States assets to reduce its debt and focus on its core gas-weighted assets in Canada and Europe. PRIORITY The transaction has an effective date of 1 January 2025 and is expected to close during the third quarter. The company anticipates net debt to […]