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Globe Metals & Mining Limited ( (AU:GBE) ) has issued an update.
Globe Metals & Mining Limited has applied for the quotation of 56,192,373 new fully paid ordinary shares on the ASX, to be issued to director Bo Tan under a deed of variation to an existing loan agreement. The shares will be issued in satisfaction of part of the principal outstanding and capitalised interest on the loan, effectively converting a portion of the company’s debt to equity and altering its capital structure while reducing related-party indebtedness.
More about Globe Metals & Mining Limited
Globe Metals & Mining Limited is an Australian-listed resources company (ASX: GBE) active in the metals and mining sector. The company focuses on the exploration and development of mineral projects, positioning itself within the broader commodities and mining investment market.
Average Trading Volume: 192,335
Technical Sentiment Signal: Sell
Current Market Cap: A$39.68M
For an in-depth examination of GBE stock, go to TipRanks’ Overview page.