The transaction is a strong sign of the colored gem miner’s ongoing prospects By: Diamond World News Service
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Mille Schiøtt Kongstad, Greenlandic geologist. Holding rough from the Aappaluttoq mine
Greenland Ruby DK ApS, a ruby and sapphire corundum miner in Greenland; and Nebari Natural Resources Credit Fund I, LP, a financier in the mining sector; announce today a landmark transaction in the colored gemstone industry, with execution of an agreement for a $18 million working capital facility. The first funding round is expected before the end of May. The facility, which came to be known as Project Aurora, is spread over three tranches and is believed to be one of the largest financings in colored gemstone history.
NA Proactive news snapshot: Weekend Unlimited Inc aka Potent Ventures Inc, CytoDyn Inc, PlantX Life Inc, PyroGenesis Canada Inc, Global Energy Metals Corporation, MagicMed Industries Inc,
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$18m Finance Boost for Greenland s First Ruby Mine
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Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF), a North American recreational cannabis and CBD wellness company, announced that it intends to change its name to Potent Ventures Inc. The Vancouver-based group also said that it plans to subdivide its common shares based on four new shares for every one existing common share. The company said that as part of the share split, registered shareholders of the company will receive four shares for each share held as of April 28, 2021. Weekend will continue to trade under its iconic CSE stock symbol POT.
Greenland Ruby Gets $18 Million In Financing
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