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Echo Energy ( (GB:NTVO) ) has issued an announcement.
Nativo Resources plc announced an update on its bond restructuring proposals after a series of adjourned Noteholder meetings. Despite a technical default due to insufficient quorum at the last meeting, the company remains optimistic about securing approval at the upcoming Adjourned Noteholder Meeting. The proposals aim to set the interest rate on notes to 0% from May 2025 and defer interest payments until 2032, which is crucial for Nativo’s ongoing operations and business plan. The company also anticipates the need for additional funding by the end of August 2025 to maintain its status as a going concern, with discussions for further funding already in advanced stages.
More about Echo Energy
Nativo Resources plc is involved in the gold mining industry, with interests in gold projects located in Peru. The company’s strategic focus encompasses primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo has acquired or optioned several projects for development and is exploring additional opportunities for expansion, with a particular emphasis on scaling operations at the Tesoro Gold Concession, targeting the Bonanza and Morrocota mines.
Average Trading Volume: 11,100,990
Technical Sentiment Signal: Strong Sell
Current Market Cap: £452.4K
For a thorough assessment of NTVO stock, go to TipRanks’ Stock Analysis page.