- Battery Mineral Resources (BMR) has closed the second tranche of its previously announced non-brokered private placement of unsecured convertible debentures
- The debentures will mature three years from the date of issuance and bear interest of 8 per cent per year
- The company will use the proceeds to fund an extension of the 2021 exploration drilling program at its Punitaqui copper project in Chile
- Battery Mineral Resources is engaged in the discovery, acquisition and development of battery metals in North and South America as well as South Korea
- Battery Mineral Resources (BMR) opened trading at C$0.38 per share
Battery Mineral Resources (BMR) has closed the second tranche of its non-brokered private placement of unsecured convertible debentures.
The debentures will mature three years from the date of issuance and will bear interest of 8 per cent per year, payable in common shares. Holders may convert all, but not less than all, of their principal amount into common shares at $0.65 per share at any time from six months from the date of issuance.
The securities will automatically convert into common shares upon maturity.
The company will use the proceeds to fund an extension of the 2021 exploration drilling program at its Punitaqui copper project in Chile, as well as for general working capital.
Battery Mineral Resources is engaged in the discovery, acquisition and development of battery metals in North and South America as well as South Korea.
Battery Mineral Resources (BMR) opened trading at C$0.38 per share.