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How Globe Metals Went Debt-Free by Issuing $2.87M in Shares to a Director

12:02pm on Tuesday 23rd of December, 2025 AEDT Mining
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How Globe Metals Went Debt-Free by Issuing $2.87M in Shares to a Director

12:02pm on Tuesday 23rd of December, 2025 AEDT
Key Points
  • 56.2 million shares issued to Director Bo Tan to settle loan
  • Shares valued at $2.87 million issued at $0.051 each
  • Remaining $147k loan repaid in cash from working capital
  • Company now fully debt-free, strengthening balance sheet
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