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Carawine Resources Ltd. ( (AU:CWX) ) just unveiled an announcement.
Carawine Resources Ltd. has announced a second variation to its unsecured loan agreement with major shareholder QGold Pty Ltd, increasing the loan facility by $2.8 million to a total of $4.5 million. This adjustment aims to support Carawine’s operations while awaiting a Federal Court decision on QGold’s compulsory acquisition of Carawine shares. The agreement includes a ‘Review Event’ clause, allowing for renegotiation or an entitlement offer if the court rules against the acquisition, ensuring financial flexibility for Carawine.
More about Carawine Resources Ltd.
Carawine Resources Ltd. operates in the mining industry, focusing on exploration and development of mineral resources. The company primarily engages in the discovery and development of gold, copper, and base metal deposits, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 38,336
Technical Sentiment Signal: Sell
Current Market Cap: A$21.25M
Learn more about CWX stock on TipRanks’ Stock Analysis page.