ASX:MCM

4 stories mentioning ASX:MCMUpdated 22d ago

Every FINWIRES story that references ASX:MCM, newest first.

Kinetic Development to Participate in MC Mining Debt Offering

Kinetic Development Group (HKG:1277) will subscribe for $6.1 million of MC Mining's (ASX:MCM) $9.9 million debt offering, according to a Thursday filing with the Hong Kong bourse.The one-year notes will be convertible into shares of MC Mining at an initial rate of $0.2089 each.The Australia-listed group, which is an indirect non-wholly owned subsidiary of the Hong Kong-listed coal producer, earmarked proceeds for the construction and commissioning of its flagship Makhado hard coking coal project in South Africa, as well as for general working capital needs.

ASX:MCMHKG:1277

Asia23d ago

Update: MC Mining Enters $10 Million Promissory Notes Deal With Two Shareholders; Shares Gain 5%

(Updates with the stock movement in the headline and last paragraph.)MC Mining (ASX:MCM) entered binding agreements for a $9.9 million promissory note program with controlling shareholder Kinetic Development Group and minority shareholder Eagle Canyon International Group, according to a Thursday filing with the Australian bourse.Kinetic and Eagle will respectively subscribe for $6.1 million and $3.8 million worth of unsecured convertible promissory notes to be issued by MC Mining, per the filing.The proceeds will be used for the construction and commissioning of MC Mining's flagship Makhado hard coking coal project in South Africa, as well as for general working capital needs.The investors may convert the notes into MC Mining ordinary shares at a fixed conversion price of $0.2089 per share, the company said.MC Mining shares gained over 5% in recent Friday trade.

ASX:MCM

Asia23d ago

MC Mining Enters $10 Million Promissory Notes Deal With Two Shareholders

MC Mining (ASX:MCM) entered binding agreements for a $9.9 million promissory note program with controlling shareholder Kinetic Development Group and minority shareholder Eagle Canyon International Group, according to a Thursday filing with the Australian bourse.Kinetic and Eagle will respectively subscribe for $6.1 million and $3.8 million worth of unsecured convertible promissory notes to be issued by MC Mining, per the filing.The proceeds will be used for the construction and commissioning of MC Mining's flagship Makhado hard coking coal project in South Africa, as well as for general working capital needs.The investors may convert the notes into MC Mining ordinary shares at a fixed conversion price of $0.2089 per share, the company said.

ASX:MCM

Asia46d ago

MC Mining Appoints Chair

MC Mining (ASX:MCM) appointed Jianheng Deng as non-executive chairman, effective Tuesday, according to a Wednesday filing with the Australian bourse.Deng succeeded interim Chairman Mathews Senosi, who will remain on the board as a non-executive director, the filing added.

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