Bushveld Minerals Share News (BMN)

Bushveld Minerals Information

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Share Price: 0.625

Bid: 0.60

Ask: 0.65

Change: 0.025 (4.17%)

Spread: 0.05 (8.333%)

Open: 0.65

High: 0.65

Low: 0.625

Prev. Close: 0.60

Last checked at -

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

More News

26 Nov 2013 13:00

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5 Nov 2013 12:24

Bushveld Minerals takes 54 per cent of Lemur Resources

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5 Nov 2013 08:50

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Bushveld Minerals Extends Lemur Resources Offer For Final Time

30 Sep 2013 13:47

Obtala Resources Swings To Loss On Bushveld Minerals-Related Items

26 Sep 2013 13:16

Bushveld Minerals Acquires 50% Interest In South African Tin Project

19 Sep 2013 10:25

Bushveld Takes Majority In Lemur, Gets More Positive Test Results

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22 Apr 2013 14:17

Bushveld unveils details of scoping study at iron ore project

AIM-listed Bushveld Minerals has unveiled details of a scoping study for the initial development phase of its Bushveld Iron Ore project in South Africa. In an operational update issued on Monday, the company reported that a scoping study had delivered an initial low capital expenditure project whic

19 Mar 2013 11:15

Bushveld Minerals approved to add farms to Limpopo licence 95PR

AIM-listed mineral development company Bushveld Minerals has received approval from the Department of Mineral Resource (DMR) to add two farms to its iron ore licence area in South Africa. In an operational update issued on Tuesday, the company reported that its Section 102 application to add farms

7 Feb 2013 11:31

Bushveld Minerals unveils resource update for Limpopo projects

AIM-listed mineral development company Bushveld Minerals failed to impress investors with a resource update on its iron and tin projects in the Limpopo province of South Africa. The group reported that 184m tonnes of indicated and inferred high grade iron layer had been identified with the potentia

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

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