Syrah Resources LimitedASX: SYR

Update on Series 2 Convertible Note

· Issued by Syrah Resources Limited

Filed with ASX · · 2 pages · English

Summary by 6ix AI

Syrah Resources Limited has announced that it will not issue a proposed convertible note tranche to AustralianSuper, which was part of a larger agreement for convertible notes. The decision is based on the company's strong balance sheet and positive developments at its Balama Graphite Operations. Syrah retains the option to issue a subsequent tranche of convertible notes before the end of June. The company's cash position is expected to be substantial as of the end of March.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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