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Variscan Secures A$1M Convertible Loan to Boost Zinc Project Development
6:16pm on Friday 30th of January, 2026 AEDT
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Mining
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Variscan Secures A$1M Convertible Loan to Boost Zinc Project Development
6:16pm on Friday 30th of January, 2026 AEDT
Key Points
A$1 million unsecured convertible loan note facility secured
Flexible drawdown with notes convertible at 20% discount to VWAP
10% annual coupon paid in shares, with price caps and floors
Funding supports metallurgical, geotechnical test work and mine restart study
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