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BBX Minerals Limited ( (AU:BCM) ) just unveiled an update.
Brazilian Critical Minerals Limited, trading on the ASX under the symbol BCM, has announced a significant financial maneuver involving the conversion of outstanding debt into ordinary shares. The company will issue 120,416,667 fully paid ordinary shares to Drake Private Investments LLC, a substantial and long-term supportive shareholder, as part of a converting loan agreement. Additionally, BCM has secured further financial commitments from Drake, with advances totaling $504,000 and maturity dates set for December 2029. The company also announced a $50,000 placement to unrelated parties to support ongoing working capital needs.
More about BBX Minerals Limited
Average Trading Volume: 6,558,411
Technical Sentiment Signal: Buy
Current Market Cap: A$35.95M
For detailed information about BCM stock, go to TipRanks’ Stock Analysis page.