Bushveld Minerals Limited (AIM:BMN, OTC:BSHVF) and Primorus Investments (AIM:PRIM) have agreed to alter the repayment terms of outstanding BMN Convertible Loan Notes
On 14 July 2023, the total outstanding was approximately £910,000, which Bushveld will now pay off in cash in instalments with the final payment on 30 November 2023.
Craig Coltman, Bushveld's chief executive, commented: "We are pleased to have reached an amicable agreement for the repayment of these convertible loan notes.
"The revised arrangements mean that the company will not suffer dilution at these low levels."