3 Companies Rising on Good News for Friday 5th May 2023
Episode 1402, May 05, 2023, 02:33 PM
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3 Companies Rising on Good News for Friday 5th May 2023
1. Bushveld Minerals #BMN - Proposed convertible loan note refinancing
Bushveld Minerals announce that it has entered into a non-binding, investment committee approved, term sheet, with Orion Mine Finance to refinance its existing convertible loan note c.US$45 million.
2. Supply @ME Capital #SYME - Execution of first IM from traditional funding
SYME announce the execution of the first IM transaction using traditional funding sources.
Due to the seasonal nature of demand for the Client Company's inventory and fluctuating levels of inventory which it holds, the total value of the warehoused goods to be monetised is forecasted as follows:
- €650k as an initial tranche;
- €550k as a planned tranche, with a best endeavours commitment from both StockCo and Client Company to complete such planned tranche before 31 December 2023
3. T42 IOT Tracking Sol - Strategic partnership with Israel’s largest port
t42 IoT Tracking Solutions announce that it has been selected from hundreds of companies offering innovative initiatives to provide its technology and to work in partnership with Ashdod Port, Israel's busiest container gateways.
As part of this initiative, the Port will execute a pilot program with the Company to enhance internal activities and processes for greater efficiency by installing t42 operated units at the Port's service zones and containers, to track and forecast supply movements accurately.
3 Companies Rising on Good News for Friday 5th May 2023
1. Bushveld Minerals #BMN - Proposed convertible loan note refinancing
Bushveld Minerals announce that it has entered into a non-binding, investment committee approved, term sheet, with Orion Mine Finance to refinance its existing convertible loan note c.US$45 million.
2. Supply @ME Capital #SYME - Execution of first IM from traditional funding
SYME announce the execution of the first IM transaction using traditional funding sources.
Due to the seasonal nature of demand for the Client Company's inventory and fluctuating levels of inventory which it holds, the total value of the warehoused goods to be monetised is forecasted as follows:
- €650k as an initial tranche;
- €550k as a planned tranche, with a best endeavours commitment from both StockCo and Client Company to complete such planned tranche before 31 December 2023
3. T42 IOT Tracking Sol - Strategic partnership with Israel’s largest port
t42 IoT Tracking Solutions announce that it has been selected from hundreds of companies offering innovative initiatives to provide its technology and to work in partnership with Ashdod Port, Israel's busiest container gateways.
As part of this initiative, the Port will execute a pilot program with the Company to enhance internal activities and processes for greater efficiency by installing t42 operated units at the Port's service zones and containers, to track and forecast supply movements accurately.