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How Conico’s $2.09M Recapitalisation Resolves Greenland Drilling Debt
7:01am on Saturday 7th of June, 2025 AEST
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Mining
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How Conico’s $2.09M Recapitalisation Resolves Greenland Drilling Debt
7:01am on Saturday 7th of June, 2025 AEST
Key Points
Settlement of CAD$1.39 million drilling debt with Cartwright Drilling
Convertible loans of $900,000 to convert into shares post shareholder approval
Fully underwritten 4-for-5 non-renounceable rights offer to raise $1.19 million
Proposed 1-for-8 share consolidation ahead of capital raising
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