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Fortune Mojapelo, CEO of Bushveld Minerals Limited (AIM:BMN) (OTC:BSHVF), discussed the restructuring of their convertible loan note with Proactive London.

The restructuring involves converting 60% of the note into a three-year term loan, worth $27 million, repayable in annual installments. Another $13.5 million will be converted into a new CLN maturing in June 2028, with an option for redemption in 2026. Additionally, $4.5 million will be converted into shares at a premium price.

This restructuring relieves near-term balance sheet pressures, reduces dilution risk, and supports sustainable growth. Shareholder approval is required for the completion of this refinancing, which will positively impact the company's financial position.

Contact Details

Proactive UK Ltd

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

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