URU Metals Announces Extension of Loan Maturity Date
URU Metals Limited ( $GB:URU ) has announced an extension of the maturity date for its convertible loan with Boothbay Absolute Return Strategies LP to May 31, 2025. This move provides the company with additional financial flexibility.
Key Details of the Extension
- The new maturity date is set at May 31, 2025
- Boothbay has agreed not to convert the loan into ordinary shares before March 1, 2025
- The arrangement allows for conversion at a 35% discount under certain conditions
Implications on Equity Structure
The extension of the loan maturity date and the terms of the agreement may have an impact on URU Metals’ equity structure. As the company’s share price movements and corporate activities evolve, the potential for conversion under this arrangement could influence its equity composition.
About URU Metals
URU Metals Limited operates in the metals and mining industry, focusing on exploration and development of mineral resources.
Market Data
- Average Trading Volume: 1,412
- Technical Sentiment Consensus Rating: Sell
- Current Market Cap: £2.47M
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