Extension of CCL Debt Facility

Summary by AI BETAClose X

Neoterra Group PLC has secured an extension to its debt facility with Catalyse Capital Limited, pushing the maturity date to October 30, 2027. The revised terms include a fixed interest rate of 15%, a £50,000 reprofiling fee, the cancellation of a conversion right into ordinary shares at £0.025, and the issuance of 25 million warrants exercisable at £0.02 for two years. This extension provides an additional year of runway for the company's fluorspar and rare earths work programmes.

Disclaimer*

UK 100

Latest directors dealings