tiprankstipranks
Trending News
More News >

Globe Metals & Mining Secures A$300,000 via Convertible Note

Story Highlights
Globe Metals & Mining Secures A$300,000 via Convertible Note

Confident Investing Starts Here:

An announcement from Globe Metals & Mining Limited ( (AU:GBE) ) is now available.

Globe Metals & Mining Limited has issued a convertible note to raise A$300,000 for short-term working capital needs. The note, issued to an overseas investor, carries a 20% annual coupon rate and offers conversion options into ordinary shares at a discounted price. This financial move is aimed at bolstering the company’s liquidity, potentially impacting its market position and offering flexibility in managing its financial obligations.

More about Globe Metals & Mining Limited

Globe Metals & Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the Australian Securities Exchange under the ticker ASX: GBE and is involved in the production and exploration of various metals and minerals.

YTD Price Performance: -20.0%

Average Trading Volume: 11,150

Technical Sentiment Signal: Buy

Current Market Cap: €12.15M

See more insights into GBE stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App