MiningGeneral mining & base metals
Shefa Gems Ltd

Shefa Gems issues new warrants after loan note conversion

Cleaning up its balance sheet will make it easier for Shefa to raise new money

1562659841_Carmel+Sapphire+TM1.jpg
Shefa Gems has a unique suite of gemstones on its ground

Shefa Gems Ltd (LON:SEFA) has extended the expiration date of warrants issued when the company listed in London by six months. The warrants had varied expiration dates, from June 2019 to December 2020.

WATCH: Shefa Gems completes exploration efforts at its Kishon Mid-Reach Zone 2

Simultaneously, Shefa has also issued further warrants at 10p per share to loan providers, after loans totalling £253,000 were converted into shares at 5p.

The company has also issued 600,000 warrants to service providers, as part of a concreted effort to keep costs to a minimum.

 

 

Quick facts: Shefa Gems Ltd

Price: £0.05

Market: LSE
Market Cap: £9.05 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Shefa Gems Ltd named herein, including the promotion by the Company of Shefa Gems Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Trump moves to shore up US agriculture after latest tit-for-tat tariffs

Mining Capital's Alastair Ford tells Proactive Investors the geopolitical interest this week has been on the US agricultural sector as Donald Trump announced a multi billion dollar aid package for US farmers who've been hit by the tariff war. ''The Chinese are now implementing tariffs on...

on 28/7/18

2 min read