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Fandango Holdings PLC - London-based investment company focused on the industrial and services sectors - Issues one-year convertible loan notes worth £350,000 with annual interest rate of 8% to ‘certain investors’, the proceeds of which will be used to advance the previously announced proposed acquisition of European Battery Metals Pty Ltd.
In June, Fandango signed a deal to acquire European Battery Metals, which will constitute a reverse takeover if it proceeds.
Shares are currently suspended due to the planned reverse takeover.
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