PRECIOUS METALS

Caracal issues new convertible notes

East African gold producer Caracal Gold has raised US$1 million through the issue of convertible loan notes to Orca Capital, and granted options on another $4 million, to increase its working capital.

Caracal issues new convertible notes

"We are very pleased to see the continuous support and trust from Orca Capital," said Robbie McCrae, chief executive of Caracal. "This additional financing is a vote of confidence in the company as...

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