Metals Acquisition Corp: debt financing — Metals Acquisition Corp issues up to $339,877 promissory note to sponsor for business combination costs

Metals Acquisition Corp

Unsecured non-convertible promissory note issued to Green Mountain Metals LLC (Sponsor) for up to $339,876.65.
Proceeds used for transaction costs related to the acquisition of CSA Mine (business combination).
Note bears no interest; principal due earlier of August 2, 2023 or consummation of business combination.
CEO Michael James McMullen is Manager of Sponsor, making this a related-party transaction.
Issuance exempt from registration under Section 4(a)(2) of Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Metals Acquisition Corp incurred loan of up to $339,876.65 with Green Mountain Metals LLC maturing the earlier of (i) August 2, 2023 and (ii) the acquisition of the Cornish, Scottish and Australian Mine.

Instrument: loan
Principal: up to $339,876.65
Counterparty: Green Mountain Metals LLC
Maturity: the earlier of (i) August 2, 2023 and (ii) the acquisition of the Cornish, Scottish and Australian Mine
Event: incurrence

Exact text from the filing

On March 31, 2023, Metals Acquisition Corp (the “Company”) issued an unsecured non-convertible promissory note (the “Note”) to Green Mountain Metals LLC (the “Sponsor”) pursuant to which the Company may borrow up to $339,876.65 from the Sponsor for transaction costs reasonably related to the consummation of the Business Combination (as defined below).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

Metals Acquisition Corp entered into Share Sale Agreement (effective 2022-03-17).

Action: entry
Agreement: merger
Effective: 2022-03-17

Exact text from the filing

the Share Sale Agreement dated as of March 17, 2022 (as amended by the Deed of Consent and Covenant dated as of November 22, 2022 (the “Share Sale Agreement”)

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Source: SEC EDGAR

accession 0001104659-23-040226

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