PROJECT FINANCE

Coolgardie locked in limbo

THE inglorious start of life for Coolgardie Minerals continues, with the company still in suspension and unlikely to allow trading in its shares until mid-March with the company now facing a ruinous repayment demand from convertible note holders.

Coolgardie is deep in debt.

Coolgardie is deep in debt.

The company opened the year with just A$2 million in cash, and subsequently issued $1.5 million worth of convertible notes, which the noteholders claim are now due because the company has been...

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