Luca Mining Clarifies Debt Restructuring with Trafigura

Altaley Mining Corporation (TSE:LUCA) has released an update.

Luca Mining Corp. has clarified the details of its debt restructuring agreement with Trafigura, which involves converting a $5.8 million loan into a non-interest-bearing convertible debenture. The conversion could allow Trafigura’s subsidiary, Urion Holdings, to acquire approximately 11.65% of Luca’s common shares, potentially increasing Trafigura’s indirect ownership to 12.48% of Luca’s shares.

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