Bluebird Merchant Ventures (GB:BMV) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Bluebird Mining Ventures Ltd has secured a £350,000 loan facility from Catalyse Capital Ltd to support its gold mine development activities in South Korea and the Philippines. In an effort to avoid stock dilution and underwrite current equity value, the company is also conducting an equity raise at 1p per share, with the Board converting outstanding fees to equity. The financing strategy is designed to push forward the company’s goal of initiating production in its gold projects, with local joint venture partners contributing approximately US$9 million in development capital.
For further insights into GB:BMV stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue