Sunrise Resources plc has secured an 18-month extension to the second convertible security, due to mature on 7 June 2025, with holder Convertible Net Zero. FLEXIBILITY The outstanding balance of £123,000 is now due to convert into ordinary shares in full on 7 December 2026. Among other amendments, Sunrise agreed the option to make interest […]
Tag: convertible notes
Red Rock issues £623,000 of convertible notes
Red Rock Resources plc has issued £623,000 of convertible notes with accompanying warrants to high net worth investors. CONFIDENCE The company said that £367,000 of subscriptions for the notes were new subscriptions, and £256,000 were conversions of debt facilities. The notes were issued at par and are convertible into ordinary shares of £0.0001 in Red […]