Queen’s Road to invest $50M in a Moxico Resources (TSX:QRC:CA)

  • Queen’s Road Capital Investment (TSX:QRC:CA) said the firm will invest $50M in a Moxico convertible debenture.
  • The convertible debenture will have a five-year term, carry an 11.0% coupon, a 3% establishment fee and will be convertible into Moxico common shares at a price of GBP0.90.
  • Moxico is an unlisted public mining company.