Echo Energy (GB:ECHO) has released an update.
Echo Energy PLC has issued over 1.2 billion new shares to settle the outstanding balance of a convertible loan, with admission of the shares to the London Stock Exchange’s AIM expected around mid-July 2024. Post-issue, the company’s total voting rights will equal the number of issued shares, which is over 21.6 billion. Additionally, Echo Energy has embarked on a joint venture in Peru, focusing on gold and silver production, with the aim of commencing cash flow generation by the end of 2024.
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