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Australian BCI raises for Mardie salt and potash momentum 

BCI Mineral's third largest shareholder, Ryder Capital, will issue A$25 million (US$16 million) worth of convertible notes to help the emerging salt and potash producer maintain momentum at its globally significant Mardie development in Western Australia's Pilbara.

Haydn Black
Progress at Mardie

Progress at Mardie

The notes have an initial conversion price of 43c, in line with the 2021 share issue price, and at a 62% premium to BCI's closing price this week, with a conversion floor of A18c.   BCI needs the cash...

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