Brief: Auplata Mining Says It Has Terminated Equity Financing With Rare Earth Global Investment

Auplata Mining SA

22/04/2022 07:23

April 22 (Reuters) - AUPLATA MINING GROUP  ALAMG.PA :
    * ANNOUNCED ON THURSDAY IT HAS AMICABLY TERMINATED IN
ADVANCE
FINANCING OF A MAXIMUM POTENTIAL TOTAL AMOUNT OF EUR 50 MLN IN
FORM OF BONDS REDEEMABLE IN CASH AND/OR IN NEW AND/OR EXISTING
SHARES OF COMPANY (ORNANE) WITH WARRANTS TO SUBSCRIBE FOR SHARES
(BSA) RESERVED TO RARE EARTH GLOBAL INVESTMENTS LTD.
    * TOTAL OF €14 MLN WAS DRAWN UNDER THIS FACILITY
    * HALF OF THE COMMITMENT FEE PROVIDED FOR IN FINANCING
FACILITY,
I.E. €1.25 MLN, WILL BE RETROCEDED BY RARE EARTH GLOBAL
INVESTMENTS TO COMPANY DUE TO THE REDUCED DURATION OF FINANCING 

  
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT74090
 Further company coverage:  ALAMG.PA  

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