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Corcel refinances debt obligations, agrees repayment with lenders

Corcel refinances debt obligations, agrees repayment with lenders
lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.

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Investegate |Corcel PLC Announcements | Corcel PLC: Fundraising, Directors' Dealings and TVR


 
18 February
2021
Corcel
Plc, ( Corcel or the Company ),
the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that to enable the Company s continued progress at the Burwell Energy Storage project as well as on the Mambare mining lease application, that it has agreed a funding package, consisting of a combination of both equity and debt.
Chief Executive Officer, Scott Kaintz commented:
Initiatives begun in 2020 are now starting to bear fruit as we make material advancements both at Burwell here in the UK and at Mambare in supporting our overarching strategy of advancing the decarbonization of the global economy.  The funds secured today are designed to minimize dilution at current levels as we approach multiple significant value inflection events.   ....

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