ENERGY MINERALS

Syrah issues third AustSuper con-note to buttress cash holdings

SYRAH Resources has decided to raise another A$50 million in cash from a convertible note issue to major shareholder AustralianSuper, the third such tranche in a total $150 million convertible note series announced back in April.

Syrah's vertical integration plans start here at Balama in Mozambique

Syrah's vertical integration plans start here at Balama in Mozambique

The notes have a conversion price of $1.536 per share. Syrah shares closed last week at 44.5c. An interest rate of 10.5-11% is payable. The maturity date is May 12, 2028, with AustSuper having...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Hancock now Liontown's biggest shareholder
PREVIOUS: Macquarie says there's no commodity supercycle

MOST POPULAR

1

CAPITAL MARKETS

Seckold pivots to lithium with Fulcrum IPO

2

ENERGY MINERALS

Zimbabwean lithium supply "here to stay": UBS

3

CAPITAL MARKETS

Lithium sector continues to be pummelled as ASX miners close down

4

CAPITAL MARKETS

Executive Outcomes: Centrex, GWR and more

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902