Europa Metals Limited (GB:EUZ) has released an update.
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Europa Metals Ltd has successfully raised £115,000 through the issuance of convertible loan notes to sophisticated investors. These funds are earmarked for general working capital and due diligence on a proposed reverse takeover (RTO) of Viridian Metals. The notes offer an 8% annual coupon and can be converted into company shares at a discounted rate.
For further insights into GB:EUZ stock, check out TipRanks’ Stock Analysis page.