By Joe Hoppe

 

Amaroq Minerals says it has slightly increased the size of its debt financing, first disclosed in late March, to $50.9 million from $49.5 million.

The Greenland-focused mine developer said late Friday it continues to finalize the terms and conditions. The increase in the package reflects an increase in convertible notes, from $21 million to $22.4 million, with all other amounts the same.

Amaroq had said in March it will use the funds to accelerate production and cash-flow generation at its Nalunaq gold-development project in Greenland.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

August 11, 2023 13:22 ET (17:22 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Amaroq Minerals (TSXV:AMRQ)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Amaroq Minerals
Amaroq Minerals (TSXV:AMRQ)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Amaroq Minerals