Europa Metals Ltd - Europe-focused lead-zinc and silver developer - Raises £115,000 via the issue of a convertible loan note to sophisticated investors. Says the funds will be utilised for general working capital purposes and to continue due diligence on its proposed acquisition of Viridian Metals Ireland Ltd. In September, Europa said it had signed a conditional term sheet to acquire Viridian Metals and its Tynagh brownfield. Says the unsecured loan notes are convertible into shares at the lower of either 2.4 pence or at a 20% discount, and carry an annual coupon of 8%.

Current stock price in Johannesburg: 34 rand cents, up 6.3% on Tuesday afternoon

12-month change: down 57%

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