Mithril Resources Limited announces it has successfully completed private placement of 700,000 18% Convertible Notes at an issue price of AUD 1 per note of gross proceeds AUD 700,000 on January 2, 2024. The bonds bear an interest rate of 18% and will mature earlier of three months from the subscription date or settlement of the next capital raising. The bonds are convertible into ordinary shares of the company at a conversion price equal to the price set at the next equity capital raising.

subject to the shareholder approval, each convertible note holder will be issued an additional 1,000 unlisted options to acquire a share in the company for every AUD 1 raised, The options will have an exercise price of AUD 0.001 and an expiry date of 3 years from the date of issue.