ENERGY MINERALS

Syrah issues third AustSuper con-note to buttress cash holdings

SYRAH Resources has decided to raise another A$50 million in cash from a convertible note issue to major shareholder AustralianSuper, the third such tranche in a total $150 million convertible note series announced back in April.

Syrah's vertical integration plans start here at Balama in Mozambique

Syrah's vertical integration plans start here at Balama in Mozambique

The notes have a conversion price of $1.536 per share. Syrah shares closed last week at 44.5c. An interest rate of 10.5-11% is payable. The maturity date is May 12, 2028, with AustSuper having...

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