8th Nov 2024 13:56
ACG Metals Ltd - special-purpose acquisition company focused on the critical metals industry - Says it has repaid USD12.1 million, or 32%, of its USD37.5 million acquisition debt agreement for the Gediktepe mine in Turkey with Traxys Europe SA and Argentem Creek Partners LP, as of October 31. ACG Metals entered into the agreement on August 31, and the outstanding principal is now USD25.4 million.
Other acquisition debt has also been reduced 32% to USD13.5 million from USD18.6 million, as a result of a USD3.3 million cash repayment and sponsor loan conversions of USD4.5 million into equity.
Current stock price: USD5.20
12-month change: down 49%
By Emily Parsons, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.