Australian heavy rare earths producer, Northern Minerals (ASX: NTU), has entered into a $2,625,000 Convertible Security Funding Agreement (Funding Agreement) with Lind Global Macro Fund, LP (Lind).
Under the Funding Agreement, the Company is to receive a net amount of $2,500,000 (after deduction of commitment fees payable to Lind of $125,000) from the issue of one unsecured convertible note with a face value of $3,000,000.
The Company expects to receive funds from Lind this week.
