Atico Mining to repay about US$ 3.5 million of Trafigura debt from debenture proceeds
Bitget2026/09/29 19:14- Atico Mining entered a US$16.4 million secured convertible debenture with a Trafigura affiliate, convertible at US$0.22 per share.
- Proceeds target debt repayment, including about US$3.5 million under the existing Trafigura credit agreement, with about US$6 million outstanding.
- Funds also earmarked to repay all remaining Dundee subordinated debenture debt, with about US$6,980,551 outstanding.
- Separate shares-for-debt settlement issues 16,149,870 shares to retire US$2.5 million of Trafigura credit agreement debt.
- Convertible debenture matures 5 years and one day from issuance, with 7% cash interest or 10% share-settled interest.
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