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Defense Metals Corp. Issues Convertible Note to RCF Opportunities Fund II L.P.
Oct 14, 2024•over 1 year ago
Contract Type
agreement
VancouverMining
Description
Defense Metals Corp. issued a Convertible Note to RCF Opportunities Fund II L.P. as part of the Company’s non-brokered bridge financing of secured convertible notes. The terms of the Convertible Note allow for conversion into Common Shares at a deemed price per Common Share of C$0.125, with an interest rate of 10% per annum payable quarterly in Common Shares.
Company Information
Company
Defense Metals
Location
Vancouver, British Columbia, Canada
About
Defense Metals is advancing its 100% owned Wicheeda project near Prince George, BC. The 11,800 ha project has the potential to be a globally significant rare-earth producer, with strategic access to key infrastructure.
The completion of the Pre-Feasibility Study positions Wicheeda as one of the most advanced undeveloped rare earth projects in North America and Europe. The project represents a world-class opportunity in the critical metals space.
VancouverMining