Pala pays premium for Kasbah notes

PALA Investments has agreed to advance a further A$1.5 million to Aussie tin hopeful Kasbah Resources, rolling existing notes into a new $5 convertible loan financing agreement that will be used to fund financing and technical preparation for the Achmmach project in Morocco – but only if it is backed by shareholders.

Pala pays premium for Kasbah notes Pala pays premium for Kasbah notes Pala pays premium for Kasbah notes Pala pays premium for Kasbah notes Pala pays premium for Kasbah notes
 
 
 
The notes are priced at A1.2c each, a 32% premium to Kasbah's 20-trading day average and a 50% premium to the closing price last week.

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