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Pala pays premium for Kasbah convertible notes

Pala Investments has agreed to advance a further A$1.5 million to tin hopeful Kasbah Resources, rolling existing notes into a new $5 convertible loan that will be used to fund financing and technical preparation for the Achmmach project in Morocco – but only if it is backed by shareholders.

Pala pays premium for Kasbah convertible notes Pala pays premium for Kasbah convertible notes Pala pays premium for Kasbah convertible notes Pala pays premium for Kasbah convertible notes Pala pays premium for Kasbah convertible notes

Achmmach in Morocco

The notes are priced at A1.2c each, a 32% premium to Kasbah's 20-trading day average and a 50% premium to the closing price last week.

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