Bluebird Merchant Ventures (GB:BMV) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor 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.
