Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has shared an announcement.
Native Mineral Resources Holdings Limited has issued a convertible note to Lind Global Fund III, LLC under a previously announced convertible securities and share placement agreement, securing an initial AUD$3 million funding commitment with the potential to draw down up to a further AUD$7 million subject to conditions. The structure includes a single convertible note with a face value of AUD$3.3 million, options for Lind and AUD$1 million in placement shares, with the board emphasising the relatively low dilution and funding cost compared with alternative financing, and using a cleansing statement so that shares issued on conversion can be freely traded by retail investors, potentially strengthening the company’s balance sheet and providing greater financial flexibility for ongoing operations.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited is an ASX-listed mining company focused on mineral resource projects, funding its operations and working capital through a mix of equity placements and structured financing, including convertible securities, to advance its exploration and development activities in Australia.
Average Trading Volume: 2,322,255
Technical Sentiment Signal: Sell
Current Market Cap: A$56.19M
Find detailed analytics on NMR stock on TipRanks’ Stock Analysis page.