Chariot Resources Refinances Debt with A$3.5m Secured Loan Facility

Chariot Corporation Limited ( (AU:CC9) ) just unveiled an update.

Chariot Resources Ltd has secured a new A$3.5 million secured loan facility with GAM Company Pty Ltd to refinance A$2.824 million of existing debt and cover transaction costs, with any surplus available for working capital. The 12‑month facility, carrying a mix of upfront and accruing interest, is backed by a general security over all company assets, includes mandatory partial repayment from future equity raisings, and provides the lender with fee income and option-based upside subject to shareholder approval, underscoring Chariot’s continued reliance on structured funding to manage its balance sheet and liquidity.

The refinancing fully discharges Chariot’s existing debt facilities and associated security, simplifying its capital structure and potentially improving short‑term financial flexibility despite the relatively high cost of capital embedded in the loan terms. The arrangement, which includes substantial fees and the potential issuance of 15 million listed options or a cash settlement alternative, signals both the company’s need for near‑term funding and the lender’s expectation of future equity market activity, with implications for existing shareholders in terms of dilution risk and future capital management.

More about Chariot Corporation Limited

Chariot Resources Ltd is an Australian-listed company focused on resource sector activities, operating under the ASX ticker CC9. The company’s operations are capital intensive and rely on access to debt and equity markets to fund project development and working capital needs.

Average Trading Volume: 250,000

Technical Sentiment Signal: Sell

Current Market Cap: A$19.97M

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