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Shefa Gems issues new warrants after loan note conversion

Cleaning up its balance sheet will make it easier for Shefa to raise new money

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Shefa Gems has a unique suite of gemstones on its ground

Shefa Gems Ltd (LON:SEFA) has extended the expiration date of warrants issued when the company listed in London by six months. The warrants had varied expiration dates, from June 2019 to December 2020.

WATCH: Shefa Gems completes exploration efforts at its Kishon Mid-Reach Zone 2

Simultaneously, Shefa has also issued further warrants at 10p per share to loan providers, after loans totalling £253,000 were converted into shares at 5p.

The company has also issued 600,000 warrants to service providers, as part of a concreted effort to keep costs to a minimum.

 

 

Quick facts: Shefa Gems Ltd

Price: 2.5 GBX

LSE:SEFA
Market: LSE
Market Cap: £5.12 m
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