Denarius Metals Corp. (TSXV: DSLV | OTCQX: DNRSF) has announced that the senior unsecured convertible debentures issued have been approved for listing on Cboe Canada under the symbol “DSLV.DB” and will begin trading on 4 March 2024 following the expiry of the statutory four-month hold period.
“The listing of the debentures provides investors with another avenue to derive value from their securities,” said Denarius Metals CEO Serafino Iacono. “As we continue to advance our 100%-owned Zancudo Project in Colombia toward production in 2024 using the net proceeds of the offering, we believe Denarius Metals is well-positioned to create and deliver significant long-term value from its portfolio of projects in Spain and Colombia to its security holders.”
The debentures bear interest at a rate of 12% per annum, payable monthly in equal installments and will mature on 19 October 2028. The debentures will also pay a gold premium on the principal amount of the debentures in cash. The Gold Premium will be paid at the end of each quarter starting 31 January 2025 and will be calculated as a percentage equal to 25% of (i) the amount, if any, by which the London P.M. Fix on the quarterly measurement date exceeds US$1,800/oz of gold (floor price) divided by (ii) the floor price. The principal amount of the debentures is convertible, at the option of the holder, at any time into shares of the company at CA$0.45 each.
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development, and eventual operation of polymetallic mining projects in high-grade districts. The company owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, one of the largest districts of pyrite-rich massive sulfide deposits in the world.
The company recently acquired a 50% interest in Rio Narcea Recursos, S.L. which has the rights to exploit the historic producing Aguablanca nickel-copper mine, including a 5,000tpd processing plant, located in Monesterio, Extremadura, Spain, approximately 88km from the company’s Lomero Project.
For further information, please visit: www.denariusmetals.com
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