Atico Announces Closing of US$16.4 Million Convertible Debenture Private Placement and Settles Legacy Liabilities
Atico Mining Corporation closed a US$16.4 million convertible debenture private placement with Trafigura, settling legacy liabilities and funding La Plata project pre-construction. The debenture is convertible into common shares at US$0.22 each, with a 7-10% interest rate. The company also issued 16.1 million shares to settle US$2.5 million of debt under an existing credit agreement with Trafigura.
