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Who Exactly Is Behind Macarthur’s Convertible Note Funding?

3:01pm on Friday 13th of June, 2025 AEST Mining
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Who Exactly Is Behind Macarthur’s Convertible Note Funding?

3:01pm on Friday 13th of June, 2025 AEST
Key Points
  • Convertible note counterparty identified as Eyeon No 2 Pty Ltd, not related to Macarthur
  • Company lacks sufficient placement capacity under ASX Listing Rule 7.1 for full share issuance
  • Share issuance on note conversion subject to shareholder approval
  • Replacement Prospectus lodged on 13 June 2025 provides further details
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