Electra Completes US$5 Million Financing and Settles Accrued Interest on Convertible Notes
Electra Battery Materials Corporation (ELBM)
Company Research
Source: GlobeNewswire
TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) has closed its previously announced financing transaction (the “Financing”) with the holders of the existing secured notes issued by the Company on February 13, 2023 (the “Existing Notes”) for gross proceeds to the Company of US$5 million, the Financing being on terms previously announced by the Company on October 25, 2024. These funds enable the Company to initiate certain early works and winter preparations at the Ontario Refinery project site in Temiskaming Shores, Ontario, as well as being used for general corporate purposes. In connection with closing the Financing, the Company issued secured convertible notes in the principal amount of US$4 million and 1,841,620 common shares at US$0.543 per share. The notes were issued together with 4,545,454 detachable common share purchase warrants entitling the holders to acquire an equivalent number of
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ELBM
Sec Filings
- 12/23/24 - Form 6-K
- 12/20/24 - Form 6-K
- 11/27/24 - Form 6-K/A
- ELBM's page on the SEC website