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Share Price: 0.725

Bid: 0.70

Ask: 0.75

Change: 0.00 (0.00%)

Spread: 0.05 (7.143%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 0.725

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IN BRIEF: Bushveld shares soar as refinances loan with OMF Fund

Thu, 01st Feb 2024 11:44

Bushveld Minerals Ltd - integrated primary vanadium producer - Completes the refinancing of its unsecured convertible loan notes issued to OMF Fund III (F) Ltd, which was dated September 29, 2020. It says it has refinanced its convertible debt obligations of USD47.1 million. Back in November, the firm entered an agreement to refinance its existing convertible loan notes with Orion Mine Finance. It extended the maturity date for existing convertible loan notes to January 31, 2024 (from December 21, 2023) and refinanced the convertible debt obligations of around USD46.9 million. This included a new convertible loan note of around USD14.1 million and a term loan of around USD28.1 million. Chief Executive Craig Coltman says: "I am pleased to announce all conditions set out on the definitive agreement with Orion were met and the refinancing transaction is now completed. We thank Orion for their ongoing support towards the company."

Current stock price: 1.61 pence, up 50% on Thursday in London

12-month change: down 65%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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4 Jul 2018 13:06

Bushveld Minerals Completes "Milestones" At Imaloto Power Project

LONDON (Alliance News) - Bushveld Minerals Ltd said Wednesday its coal and energy subsidiary Lemur Holdings Ltd completed a Social and Environmental Impact Assessment at its power project in the a

22 May 2018 16:01

Bushveld Minerals Completes 30 Year Agreement To Build Power Plant

LONDON (Alliance News) - Bushveld Minerals Ltd said Tuesday it has signed a 30-year concession agreement with the government of the Republic of Madagascar for the approval to develop, construct an

27 Apr 2018 12:38

Bushveld Minerals On Track To Keep Pushing Up Vanadium Output

LONDON (Alliance News) - Resources firm Bushveld Minerals Ltd on Friday reported a strong increase in vanadium production in the first quarter of 2018 after the first phase of an expansion mainly

28 Mar 2018 14:14

Bushveld Minerals Appoints Michael Kirkwood As Non-Executive Director

LONDON (Alliance News) - Bushveld Minerals Ltd, a vanadium miner, said Wednesday it has appointed Michael Kirkwood as senior independent non-executive director starting from a

26 Mar 2018 18:18

Bushveld Minerals Raises USD22 Million In Equity Placing (ALLISS)

LONDON (Alliance News) - South African vanadium producer Bushveld Minerals Ltd said Monday that it has raised USD22.2 million through an oversubscribed equity a

13 Dec 2016 11:04

Bushveld to buy stake in Namibia tin project

(ShareCast News) - Diversified mineral explorer Bushveld is to buy an interest in the Uis tin project in Namibia. The company's subsidiary Greenhills Resources will buy a 49% stake in Dawnmin Africa Investments, which is the 85% owner of the tin project, from a consortium of shareholders in Namibia.

13 Dec 2016 08:37

Bushveld Buys Into Uis Tin Project In Namibia For GBP650,000 (ALLISS)

21 Oct 2016 08:39

Bushveld Minerals completes £0.75m placing

(ShareCast News) - Bushveld Minerals announced on Friday that it has placed 53,571,430 new ordinary shares of 1p each in the company, at a price of 1.4p each, raising gross proceeds of £0.75m. The AIM-traded firm said the placing coordinator, Beaufort Securities, has been issued 5,357,143 broker war

5 Oct 2016 10:26

Bushveld Minerals updates on its energy project

(ShareCast News) - Diversified mineral development company Bushveld Minerals updated the market in respect of its 84% owned subsidiary, Bushveld Energy, on Wednesday. The AIM-traded firm launched BE in January 2016 to focus on developing and promoting the role of vanadium in the growing global energ

5 Oct 2016 08:15

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Bushveld Minerals Share News (BMN)

Share Price Information for Bushveld Minerals (BMN)

IN BRIEF: Bushveld shares soar as refinances loan with OMF Fund

Bushveld Minerals Completes "Milestones" At Imaloto Power Project

Bushveld Minerals Completes 30 Year Agreement To Build Power Plant

Bushveld Minerals On Track To Keep Pushing Up Vanadium Output

Bushveld Minerals Appoints Michael Kirkwood As Non-Executive Director

Bushveld Minerals Raises USD22 Million In Equity Placing (ALLISS)

Bushveld to buy stake in Namibia tin project

Bushveld Buys Into Uis Tin Project In Namibia For GBP650,000 (ALLISS)

Bushveld Minerals completes £0.75m placing

Bushveld Minerals updates on its energy project

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