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EMP METALS CLOSES CONVERTIBLE LOAN AGREEMENT WITH TEMBO
EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce that it has closed its previously announced convertible loan agreement (the "Convertible Loan Agreement") with Tembo Capital Holdings Guernsey Limited ("Tembo") whereby EMP Metals and Tembo amended a previous loan facility of US $3,000,000 (the "Loan").
About this update from Emp Metals Corp
[{"type":"text","content":"VANCOUVER, BC, Jan. 6, 2026 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce that it has closed its previously announced convertible loan agreement (the "Convertible Loan Agreement") with Tembo Capital Holdings Guernsey Limited ("Tembo") whereby EMP Metals and Tembo amended a previous loan facility of US $3,000,000 (the "Loan").","length":438,"tagName":"p"},{"type":"image","alt":"EMP Metals Corp. (CNW Group/EMP Metals Corp.)","displaySize":"","headline":null,"caption":"EMP Metals Corp. (CNW Group/EMP Metals Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":191,"url":"https://media.zenfs.com/en/cnwgroup.com/09abeaff5658c3c555f4ac2cbe2f15c1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/W8KU5qQZki5tECCKAGnnIg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/09abeaff5658c3c555f4ac2cbe2f15c1","width":400,"height":191}},"href":"https://mma.prnewswire.com/media/2855681/EMP_Metals_Corp__EMP_METALS_CLOSES_CONVERTIBLE_LOAN_AGREEMENT_WI.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Under the terms of the Convertible Loan Agreement, the maturity date of the Loan was extended from December 31, 2025 to June 30, 2027, unless further extended by the parties, and the Loan, including interest accrued thereon, is now convertible into common shares in the capital of the Company (each a "Conversion Share") at a price of CDN $0.425 per Conversion Share. The Loan will bear interest at 13.5% per annum on any portion of the Loan owed by the Company for the duration the Loan remains outstanding.","length":518,"tagName":"p"},{"type":"text","content":"Additionally, the Company also agreed to pay Tembo an arrangement fee of US $150,000 which was 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 a price of CDN$0.425 per share until January 5, 2028.","length":377,"tagName":"p"},{"type":"text","content":"All securities issued under the Convertible Loan Agreement and Arrangement Fee Warrants are subject to restrictions on resale for a period of four months...