Electric Royalties (TSE:ELEC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Electric Royalties Ltd. has drawn C$3,050,000 from its convertible credit facility to help finance the acquisition of a 0.75% Gross Revenue Royalty on the Punitaqui copper mine in Chile. The credit facility allows for conversion of the loan into shares at a specified rate, with a maximum interest rate of 12.5%.
For further insights into TSE:ELEC stock, check out TipRanks’ Stock Analysis page.
