RE: Adding24 Dec 2024 10:05
As a result, Managem terminated the agreement effective immediately. Additionally, a fund managed by Orion Resource Partners, which had committed to providing a USD25 million convertible loan note to fund the acquisition, issued a default notice as the loan was contingent on the acquisition's completion. However, Atlas had not drawn down any of the Orion funds. Some good news they have not used any of the loan money.