Ambershaw Metallics announces strategic investor financing agreement
Ambershaw announces that it has signed a US$7.6 million financing agreement with Oslo Exchange listed Intex Resources (ITXX.OL). The financing consists of US$0.6 million in convertible debt to be provided in March 2017 and an additional US$7 million via equity placements to be provided by March 2018. The agreement would allow Intex to acquire a 51% stake in Ambershaw and includes $439,000 of Intex stock for LHR.