Browsing Tag
Vision Blue Resources
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Cornish Metals (AIM: TIN) secures £135m as South Crofty dilution questions intensify
Cornish Metals has conditionally secured £135 million for its South Crofty tin mine, with backing from the National Wealth Fund, Vision Blue Resources and Glencore. But the 60p financing price, substantial new share issuance and debt conversion create important questions for existing shareholders.
Cornish Metals faces $161m equity test after securing $210m South Crofty bond
Cornish Metals has assembled the debt side of South Crofty’s financing and accelerated mine development, but access to its US$210 million bond still depends on completing at least US$161 million of equity funding.