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Chariot Corporation Extends Convertible Note Terms with Obsidian Global

Story Highlights
  • Chariot Corporation amends convertible note with Obsidian, extending non-conversion period.
  • Chariot issues shares to Obsidian and Max Wealthy for facilitating extension, enhancing financial flexibility.
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Chariot Corporation Extends Convertible Note Terms with Obsidian Global

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Chariot Corporation Limited ( (AU:CC9) ) has provided an update.

Chariot Corporation Ltd has amended its convertible note agreement with Obsidian Global GP, LLC, extending the non-conversion period to 13 July 2025. As part of the amendment, Chariot will issue 1,000,000 shares to Obsidian and 750,000 shares to Max Wealthy International Limited for facilitating the extension. This move reflects Chariot’s strategic efforts to maintain investor relations and secure financial flexibility, which could impact its operational focus on lithium exploration.

More about Chariot Corporation Limited

Chariot Corporation Limited is a mineral exploration company focused on discovering and developing high-grade and near-surface lithium opportunities in the United States. The company has twelve lithium projects, including two core projects: the Black Mountain Project in Wyoming and the Resurgent Project in Nevada and Oregon. Chariot also holds interests in exploration projects in Wyoming, Western Australia, and Zimbabwe, with a focus on lithium and LCT pegmatites.

Average Trading Volume: 47,634

Technical Sentiment Signal: Sell

For a thorough assessment of CC9 stock, go to TipRanks’ Stock Analysis page.

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