First Lithium Ltd

0.070

+0.0057.69%

Volume:67.56K

Turnover:4.73K

Market Cap:7.61M

PE:-2.08

High:0.070

Open:0.070

Low:0.070

Close:0.065

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First Lithium Secures AU$1.2 Million Convertible Loan; Geophysical Survey on Faraba, Blakala Permits in Mali Resumes

MT Newswires Live

·

27 Mar

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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. 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