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Native Mineral Resources Holdings Limited (ASX:NMR)

ALERT: Price-sensitive ASX Announcement for NMR
Current share price for NMR : $0.053 0 (0%)+
Announcement
Release
2 Jul 2026 12:40PM
Price at Release
$0.053
Full Release
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Summary
Native Mineral Resources Holdings Limited (NMR) has entered into a Convertible Security Funding Agreement with Lind Global Fund III LP, raising AU$3,500,000. This funding is through a convertible note with a face value of AU$4,200,000, due in 24 months. The funds will be used for debt management and working capital. The convertible note is convertible at a fixed price of AU$0.066 per share. A repayment holiday of 120 days is included, with subsequent monthly repayments of AU$210,000. Security for the facility includes existing Lind arrangements, collateral shares, a guarantee, and a mortgage. Further investment of up to AU$4,000,000 can be requested within 12 months, subject to approvals.
Key Points
  • NMR raises AU$3,500,000 via a convertible note.
  • Convertible note has a face value of AU$4,200,000.
  • Funds used for debt management and working capital.
  • Note convertible at AU$0.066 per share.
  • 120-day repayment holiday followed by AU$210,000 monthly repayments.
  • Security includes existing arrangements, collateral shares, and a mortgage.
  • Potential additional AU$4,000,000 investment available.
  • Shareholder approval required for certain actions.
  • Collins Street consent contingent on payment by 14 July 2026.
  • Convertible note matures in 24 months.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.