Ferrexpo shares jump on $15 million loan facility news
Shares of Ferrexpo PLC (LSE:FXPO) advanced 7.6% on Tuesday, following the company's announcement of a new financing arrangement with its leading shareholder.
The company disclosed that Fevamotinico will extend an unsecured loan facility totaling $15 million. This funding provides Ferrexpo with immediate liquidity as it advances toward completing a planned $100 million capital raise.
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