Aurumin issues final redemption notice for remaining convertible note

Aurumin Limited (ASX: $AUN) has issued a final redemption notice to Collins St Asset Management, announcing the repayment of the remaining balance of the Convertible Note ($1.07M) from available cash on hand. This action will eliminate the Convertible Note, leaving the company debt-free.

Aurumin's Managing Director, Brad Valiukas, comments on the redemption notice

We are pleased to be clearing the remaining balance of the Convertible Note, following the significant reduction of the Convertible Note in December when we completed the Mt Dimer divestment. We thank Collins St for their support over the last few months as we have gone through this process. With a clean balance sheet, we will work to commence drilling and grow our flagship 946koz Sandstone Gold Operations.

Summary of Aurumin's announcement

Aurumin Limited (ASX: $AUN) has successfully issued a final redemption notice for the remaining convertible note, demonstrating its commitment to becoming debt-free. The company's Managing Director, Brad Valiukas, expressed satisfaction with this development and highlighted the intention to focus on commencing drilling and expanding the flagship 946koz Sandstone Gold Operations. Aurumin's proactive approach to clearing its debt and pursuing operational growth reflects its dedication to enhancing shareholder value and advancing its strategic objectives.