Australia's EV Resources jumps on plan to raise up to $3.4 mln

Antimony Resources

08/08/2023 06:58

** Shares of EV Resources  EVR.AX  rise as much as 7.14% to
A$0.015
    **  Australian metals miner says co to raise up to $3.4 mln
through issuance of senior secured convertible notes to Obsidian
Global GP LLC
    ** 24-month maturity notes with a face value of $1.08,
equivalent to a 4% per annum interest - EVR
    ** Co says funds will be used to accelerate exploration
activities across its portfolio of copper assets in the
Americas.
    ** Stock flat so far this year, as of last close

($1 = 1.5175 Australian dollars)

 (Reporting by Aishwarya Nair in Bengaluru)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
 ;))