Source - Alliance News
ACG Metals Ltd - special-purpose acquisition company focused on the critical metals industry - Says it has repaid $12.1 million, or 32%, of its $37.5 million acquisition debt agreement for the Gediktepe mine in Turkey with Traxys Europe SA and Argentem Creek Partners LP, as of October 31. ACG Metals entered into the agreement on August 31, and the outstanding principal is now $25.4 million.
Other acquisition debt has also been reduced 32% to $13.5 million from $18.6 million, as a result of a $3.3 million cash repayment and sponsor loan conversions of $4.5 million into equity.
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