Amaroq Minerals Raises Debt Financing Package to $50.9 Million
12 August 2023 - 3:37AM
Dow Jones News
By Joe Hoppe
Amaroq Minerals says it has slightly increased the size of its
debt financing, first disclosed in late March, to $50.9 million
from $49.5 million.
The Greenland-focused mine developer said late Friday it
continues to finalize the terms and conditions. The increase in the
package reflects an increase in convertible notes, from $21 million
to $22.4 million, with all other amounts the same.
Amaroq had said in March it will use the funds to accelerate
production and cash-flow generation at its Nalunaq gold-development
project in Greenland.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
August 11, 2023 13:22 ET (17:22 GMT)
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