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How Globe Metals’ $6.96M Placement and Loan Conversions Reshape Its Future
8:30am on Friday 24th of October, 2025 AEDT
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Mining
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How Globe Metals’ $6.96M Placement and Loan Conversions Reshape Its Future
8:30am on Friday 24th of October, 2025 AEDT
Key Points
Tranche 1 placement settled, raising A$6.96 million via 136.5 million shares
Convertible loan of USD $540,000 fully converted to equity by Ms Jennifer Ping
Ongoing discussions to convert up to A$2.3 million shareholder loan to shares
Debt reduction from approximately A$6.09 million to an indicative A$2.82 million
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