First Lithium (ASX:FL1) secured a AU$1.2 million loan with sophisticated and professional investors, including existing substantial shareholder, Intermin Mines Corporation, according to a Wednesday filing with the Australian bourse.
The loan is split into three tranches of AU$400,000 each. It is due on Dec. 30 and bears an interest of 10% per annum. The loan may be converted into fully paid ordinary shares at an issue price of AU$0.10 per share.
The lender will also be entitled to receive one unlisted option, exercisable at AU$0.30 and expiring June 30, 2028, for every loan share issued, per the filing.
Separately, First Lithium received the go signal from the National Director of Geology and Mines in Mali for the continuation of a geophysical survey on the Faraba and Blakala permits. It comes after the Mali government partially lifted the suspension of mining permits. The license renewal process is ongoing.
The company's shares were up almost 6% in recent Thursday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。