Echo Energy (GB:ECHO) has released an update.
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Echo Energy PLC has announced the issuance of over 1.3 billion new ordinary shares at 0.00288 pence each, following a conversion notice for a £40,000 loan. This action is expected to lead to the new shares being admitted to trading on the London Stock Exchange’s AIM market by August 1, 2024. Meanwhile, the company’s joint venture in Peru is set to initiate artisanal and small-scale gold and silver mining operations aimed at generating cash flow by the fourth quarter of 2024.
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