Europa Metals Ltd (AIM:EUZ, JSE:EUZ) has raised £115,000 issuing convertible loan notes to experienced investors. The funds will support the company’s general operations and ongoing due diligence for a potential reverse takeover of Viridian Metals. The notes can be converted into shares at either 2.4p per share or at a 20% discount to the reverse takeover price. They are unsecured and carry an annual interest rate of 8%, with the interest paid in shares.
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