Hamak Gold Limited (GB:HAMA) has released an update.
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Hamak Gold Limited has entered into an investment agreement with Vela Technologies, issuing £300,000 in unsecured convertible loan notes in exchange for Vela shares, with interest accruing at 10% annually. Alongside this financial maneuver, Hamak has committed to monthly cash repayments and announced continued progress in its Liberian Nimba exploration project, indicating promising gold discoveries. The agreement aims to enhance shareholder value and bolster Hamak’s short-term funding for its ongoing exploration efforts.
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