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IN BRIEF: Aterian plans to raise GBP500,000 through issue of CLNs

2nd May 2024 17:44

Aterian PLC - investment company focused on African mineral resources - Plans to raise minimum of GBP500,000 through issue of convertible loan notes. Says CLN will be issued at fixed price of 0.70 pence each.

"The proposed fundraise is being carried out to bolster the company's financial flexibility and enable it to accelerate the planned Agdz exploration drill programme in Morocco and advance operations in Rwanda and Botswana," Aterian says.

Current stock price: 0.60 pence

12-month change: down 23%

By Sophie Rose, Alliance News senior reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.


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Aterian Plc
FTSE 100 Latest
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Change53.53