Copper 360 enters negotiations for additional equity capital
JSE-listed Copper 360 has advised shareholders that it has entered into negotiations regarding the introduction of additional equity capital, which if successfully concluded, may have a material effect on the price of the company's securities.
The company says it is also considering a restructuring of the long-term debt and other financial instruments on its balance sheet.
The potential outcome and impact of this restructuring process has, however, yet to be determined.
“Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a detailed announcement is made,” the company states.
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