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Cotec Holdings Corp. Provides Funding Update On Magiron

Jun 27, 2022•about 3 years ago
Vancouver

Description

VANCOUVER, BC / June 27, 2022 / CoTec Holdings Corp. (TSXV:CTH) ("CoTec" or the "Company") is pleased to announce that MagIron LLC ("MagIron"), in which the Company has a 16% equity interest, has completed the placement of a $5 million secured Convertible Note ("Note"), the proceeds of which will be used to further progress MagIron's strategy to restart Plant 4. The terms of the Note include:

Company Information

Company

Co Tec

Location

Vancouver, Washington, United States

About

CoTec is an ESG-focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets, as the Company seeks to transition into a mid-tier mineral resource producer. The Company is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. CoTec is a publicly traded mining issuer listed on the Toronto Venture Stock Exchange and trades under the symbol CTH.V