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Pala pays premium for Kasbah convertible notes

Fund agrees to expand notes to $5M tied to potential 49% stake in tin hopeful

Haydn Black

The notes are priced at A1.2c each, a 32% premium to Kasbah's 20-trading day average and a 50% premium to the closing price last week.    The notes will mature in December 2019, but Kasbah has the...

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