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Mount Burgess Mining to Wipe $4.7M Debt, Boost Growth Prospects
3:21pm on Friday 25th of July, 2025 AEST
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Mining
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Mount Burgess Mining to Wipe $4.7M Debt, Boost Growth Prospects
3:21pm on Friday 25th of July, 2025 AEST
Key Points
Agreements to forgive 95% of $4.686 million legacy debt
5% of debt converted into 86.4 million shares and 4.7 million options
Debt securities to represent about 16.8% of post-settlement capital
Shareholder approval required for debt settlement and option grants
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Mount Burgess Mining (ASX:MTB)
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