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Hamak Gold Limited ( (GB:HAMA) ) has provided an update.
Hamak Strategy Limited has announced a funding package that includes a £5 million Convertible Loan Note with Yorkville Advisors Global and a proposed £30 million At The Market facility with AlbR Capital. This financial arrangement aims to provide Hamak with the flexibility to pursue its dual strategy of gold exploration and Bitcoin treasury management, potentially enhancing shareholder value. The funding is contingent on shareholder approval and is designed to support the company’s growth plans while maintaining an orderly market for its shares.
More about Hamak Gold Limited
Hamak Strategy Limited is a UK-listed company focused on gold exploration in Africa and employs a strategy that includes Bitcoin and cryptocurrency treasury management. The company maintains some of its treasury reserves in Bitcoin, although it is not regulated by the Financial Conduct Authority, which highlights the high-risk nature of such investments.
Average Trading Volume: 17,120,486
Technical Sentiment Signal: Hold
Current Market Cap: £9.95M
See more data about HAMA stock on TipRanks’ Stock Analysis page.