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AfriTin Mining Ltd - tin miner with asset in Namibia - Says outstanding balance, which was GBP2.2 million, of the GBP3.8 million 2019 convertible loan note has now been settled in full. Says a portion of the 2019 convertible loan notes has been converted into ordinary shares in the company and the balance was settled in cash.
"I would like to thank our long-standing shareholders for their support. The settlement of the long-term liabilities on our balance sheet provides the Company with a strong platform to execute its expansion and growth strategy," says Chief Executive Anthony Viljoen.
Current stock price: 5.81 pence
Year-to-date change: up over 100% from 2.45p on December 31, 2020
By Greg Roxburgh; gregroxburgh@alliancenews.com
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