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Aguia Resources Limited ( (AU:AGR) ) has shared an announcement.
Aguia Resources Limited has secured commitments for loan funding totaling $2.687 million, which will be used for ongoing mine development and exploration projects. The loans, which include a significant contribution from Executive Chairman Warwick Grigor, offer lenders the option to convert the debt into shares, subject to shareholder approval, and are secured against the company’s shares in Andean Mining Limited.
More about Aguia Resources Limited
Aguia Resources Limited is a company operating in the mining industry, focusing on mine development, drilling, and exploration projects. The company is involved in various operations, including those in Colombia, and is listed on the Australian Securities Exchange (ASX).
Average Trading Volume: 1,887,964
Technical Sentiment Signal: Sell
Current Market Cap: A$42.9M
Learn more about AGR stock on TipRanks’ Stock Analysis page.