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Why Did Aguia Resources Cancel Its Convertible Note and Opt for a Secured Loan?

9:31am on Thursday 10th of July, 2025 AEST Mining
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Why Did Aguia Resources Cancel Its Convertible Note and Opt for a Secured Loan?

9:31am on Thursday 10th of July, 2025 AEST
Key Points
  • Convertible note issue cancelled, $750,000 treated as loan
  • Loan accrues 10% annual interest, repayable in 12 months
  • Loan convertible to shares at 3.5 cents per share with shareholder approval
  • Loan secured against shares in Andean Mining Limited
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