Andrada Mining Limited has converted N$50.1 million of debt into equity, issuing 59 358 907 ordinary shares in a move aimed at strengthening its...
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Maroc - NAMIBIAN.COM.NA - A la Une - 22/Jan 13:02
Andrada Mining converts N$50m debt into equity
Andrada Mining Limited has converted N$50.1 million of debt into equity, issuing 59 358 907 ordinary shares in a move aimed at strengthening its balance sheet without drawing on cash reserves. The conversion comprises a N$40.9 million loan provided by LC Abelheim Limited, acting as trustee of The Orange Trust, as well as N$9.2 million […]
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