23rd Aug 2024 20:41
Caracal Gold PLC - East Africa-focused gold producer - Agrees to second extension with Cynergy Global Ltd to the payment of the second USD500,000 tranche due under phase 1 of the Cynergy strategic investment plan until the end of September. Explains that this delay, combined with the fact that no cash flow is being generated at Kilimapesa, has placed the company under significant cash flow pressure and distress. Is engaging with various stakeholders to raise the required funding.
Current stock price: 0.27 pence
12-month change: down 2.8%
By Jeremy Cutler, Alliance News reporter
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