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EMP METALS AMENDS TEMBO LOAN FACILITY WITH A CONVERSION FEATURE AND EXTENDS LOAN BY 18 MONTHS
EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce that it has amended its previous US $3 million loan facility (the "Loan") with Tembo Capital Holdings Guernsey Limited ("Tembo") by entering into a convertible loan agreement (the "Convertible Loan Agreement") with Tembo whereby the maturity date of the Loan has been extended from December 31, 2025 to June 30, 2027, unless further extended by the parties, and permit all or any portion of the Loan t
About this update from Emp Metals Corp
[{"type":"text","content":"VANCOUVER, BC, Dec. 24, 2025 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce that it has amended its previous US $3 million loan facility (the "Loan") with Tembo Capital Holdings Guernsey Limited ("Tembo") by entering into a convertible loan agreement (the "Convertible Loan Agreement") with Tembo whereby the maturity date of the Loan has been extended from December 31, 2025 to June 30, 2027, unless further extended by the parties, and permit all or any portion of the Loan to be converted by Tembo.","length":631,"tagName":"p"},{"type":"image","alt":"EMP Metals Corp. logo (CNW Group/EMP Metals Corp.)","displaySize":"","headline":null,"caption":"EMP Metals Corp. logo (CNW Group/EMP Metals Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":191,"url":"https://media.zenfs.com/en/cnwgroup.com/47ec2fc76f51576d743672b4e246e58d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ckZdnNBshdAL4bCSch4tXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/47ec2fc76f51576d743672b4e246e58d","width":400,"height":191}},"href":"https://mma.prnewswire.com/media/2851680/EMP_Metals_Corp__EMP_METALS_AMENDS_TEMBO_LOAN_FACILITY_WITH_A_CO.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the terms of the Convertible Loan Agreement, Tembo will have the right to convert any or all of the Loan plus accrued interest into common shares of the Company (the "Conversion Shares") at a conversion price of $0.425 per Conversion Share. The Loan will bear interest at 13.5% per annum on any portion of the Principal Sum owed by the Company for the duration the Loan remains outstanding.","length":406,"tagName":"p"},{"type":"text","content":"The Company has also agreed to pay Tembo an arrangement fee of US$150,000, which will be satisfied by the issuance of as satisfied by the issuance of 485,294 common share purchase warrants of the Company (the "Arrangement Fee Warrants"), with each Arrangement Fee Warrant being exercisable to acquire one (1) common share of the Company at an exercise price of CDN$0.425 per share until two years from the date of issuance.","length":433,"tagName":"p"},{"type":"text","content":"All se...