The AIM-listed outfit said that that two of its shareholders, BMK Resources and Persistency Private Equity, had agreed to provide a $15 million bridge loan.
BMK Resources and Persistency Private Equity will also buy $30 million and $15 million worth respectively of redeemable convertible preference shares at $0.32 each.
Mirabaud Securities is to buy up to US$15 million worth of the same shares at the same rate.
The
