Comstock falls on convertible debt financing

Comstock

19/09/2024 12:50

** Shares of U.S.-based decarbonization solutions firm
Comstock  LODE.A  fall 3.90% to 37 cents premarket
    ** Comstock secures convertible debt financing of $3.5 mln,
with an option for an additional $1.5 mln
    ** Convertible debt financing provides the lender with the
option to convert debt into equity from the borrowing co
    ** Co says debt financing is to provide liquidity and
capacity to speed up commercialization in the fuels, metals and
mining businesses
    ** Up till last close, stock is down 29.74% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))