Atico Mining Closes $16.4M Debenture, Settles $2.5M Debt in Shares
Atico closed a secured $16.4 million convertible debenture with a 7–10% rate and $0.22 conversion price. It issued 16,149,870 shares to settle $2.5 million of Trafigura debt, fully repaying its prior credit agreement. Proceeds will fund La Plata pre-construction and corporate needs.
Atico completed a secured $16.4M convertible debenture bearing a 7—10% rate, with a $0.22 conversion price. The company also issued 16,149,870 shares to settle $2.5M in debt owed to Trafigura, fully repaying the previous credit agreement. The debenture proceeds will fund La Plata pre-construction work and corporate needs.