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Aguia Resources Limited ( (AU:AGR) ) just unveiled an update.
Aguia Resources Limited has announced that its proposed issue of convertible notes will not proceed. Instead, the funds received will be treated as a loan with a 10% annual interest rate, repayable in cash or shares, subject to shareholder approval. The loan is secured against shares in Andean Mining Limited, and the company plans to issue unlisted options to lenders, contingent on shareholder approval. This decision reflects Aguia’s strategic financial management and could impact its liquidity and shareholder relations.
More about Aguia Resources Limited
Aguia Resources Limited is a company operating in the resources sector, focusing on mining operations. The company is involved in various projects, including those in Colombia, and is listed on the Australian Securities Exchange (ASX) under the ticker AGR.
Average Trading Volume: 1,887,964
Technical Sentiment Signal: Sell
Current Market Cap: A$42.9M
For a thorough assessment of AGR stock, go to TipRanks’ Stock Analysis page.