Queen’s Road Capital Investment (TSE:QRC) has released an update.
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Queen’s Road Capital Investment Ltd. (QRC) is boosting its portfolio with a substantial $50 million investment in a convertible debenture of Moxico Resources plc, which operates the high-performing Mimbula copper mine in Zambia. This strategic move not only enhances QRC’s average coupon to an impressive 9.6%, supporting future shareholder dividends, but it also significantly increases the company’s exposure to the copper market. The investment, which will be funded through cash and debt facilities, is pending regulatory approval and marks a confidence in Moxico’s potential to expand and develop its mining projects globally.
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