Antilles Gold

Antilles Gold Takes Up Second $1.0 Million Convertible Note

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) advises that it has exercised its option to take up a second A$1.0M Convertible Note from Patras Capital Pte Ltd on the same commercial terms as the first A$1.0M Convertible Note which was issued on 8 March 2024.


The basic terms of the second Convertible Note are as follows;

Principal Amount

A$1,000,000

Maturity Date

30 April2026

Interest

NIL

Discount to Principal Amount

A$100,000 (in lieu of interest)

Early Repayment

At the Company’s option at 110%of any outstanding balance of the Convertible Note within the first year after issue, and 115% in the second

Conversion

TheNote holder may convert all or partof any outstanding amount of the Convertible Note at a conversion price equal to:

i)$0.04 per share; or

ii)A 10% discount to the numericaverage of the lowest 5 daily VWAP’s in the 15 trading days prior to conversion which can not be less than $0.015 per share

Security

40,000,000 AAU shareson the issueof the Convertible Note which can be applied to any conversion.

Law & Jurisdiction

Queensland

Antilles Gold has sufficient placement capacity under Listing Rule 7.1, or 7.1A for the second Convertible Note.

The Company has issued 27,000,000 AAU shares at $0.02 each to Patras Capital as Security Shares for the second Convertible Note from existing capacity under Listing Rule 7.1A.

The balance of the Security Shares (13,000,000) will be issued in due course.

The majority of the funds raised will be applied to subscribing for shares in the Cuban joint venture company, Minera La Victoria, for it to continue pre-development activities for the Nueva Sabana gold-copper mine.


Click here for the full ASX Release

This article includes content from Antilles Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AAU:AU
The Conversation (0)
Antilles Gold Limited

Antilles Gold Limited

Developing Gold and Copper Projects in mineral‐rich Cuba

Developing Gold and Copper Projects in mineral‐rich Cuba Keep Reading...
Antilles Gold to Raise $1.0M for Working Capital

Antilles Gold to Raise $1.0M for Working Capital

Antilles Gold Limited (AAU:AU) has announced Antilles Gold to Raise $1.0M for Working CapitalDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Antilles Gold Limited (AAU:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Summary of Pre-Feasibility Study for Nueva Sabana Mine

Summary of Pre-Feasibility Study for Nueva Sabana Mine

Antilles Gold Limited (AAU:AU) has announced Summary of Pre-Feasibility Study for Nueva Sabana MineDownload the PDF here. Keep Reading...
Revision to Updated Scoping Study Nueva Sabana Mine, Cuba

Revision to Updated Scoping Study Nueva Sabana Mine, Cuba

Antilles Gold Limited (AAU:AU) has announced Revision to Updated Scoping Study Nueva Sabana Mine, CubaDownload the PDF here. Keep Reading...
Gold and silver bars in scale with green arrow pointing up. Text reads: "Weekly Editor’s Picks."

Editor's Picks: Gold, Silver Prices Gain Ground, Oil Trades Face Scrutiny

The gold price caught a tailwind this week as tensions between the US and Iran eased, first breaking US$4,600 per ounce and then pushing well above US$4,700.Silver was also on the move, briefly passing US$82 per ounce.The situation in the Middle East remains fluid, but at the time of this... Keep Reading...
Gold bars with financial chart overlay, showcasing market trends.

Top Gold Producers Log Record Q1 Margins Despite Price Swings

Following a chaotic first quarter that saw gold prices shatter the US$5,000 per ounce barrier before suffering a historic collapse, the world’s top gold producers delivered a string of record financial results. The first quarter of 2026 brought severe whiplash to the gold market. Driven by... Keep Reading...
Chris Temple, gold bars.

Chris Temple: Gold's Next Leg Up — Price Trigger, Key Headwinds

Chris Temple, founder, editor and publisher of the National Investor, shares his outlook for the gold price, explaining why it could still fall as low as US$3,500 per ounce. He also discusses what will trigger the yellow metal's next leg higher.Don't forget to follow us @INN_Resource for... Keep Reading...
Mini cart with gold bars on wooden surface, dark background.

WGC: Gold Demand Faces East/West Divide in Q1 2026

A strong gold price and steady demand for safe-haven assets led to record gold demand value in the first quarter of the year, according to the World Gold Council’s (WGC) latest report.The WGC published its latest Gold Demand Trends report on April 29, highlighting that investor and central bank... Keep Reading...
Gold map of the world over black background.

10 Largest Producers of Gold by Country

With gold prices surging to new all-time highs at the start of 2026, the top gold-producing countries are set to benefit significantly from a runaway bull market. After surging more than 80 percent since January 2025, the market's momentum peaked on January 28, when gold reached an all-time high... Keep Reading...

Interactive Chart

Latest Press Releases

Related News