Golden Rim Resources Ltd. announced a private placement of a unsecured convertible bond at a price of AUD 1,500,000 for the gross proceeds of AUD 1.5 million on September 6, 2023. The transaction will include participation from returning investor, Capital DI Limited. The note have a coupon rate of 11.5% per annum and is convertible into common shares of the company at a conversion price of AUD 0.017 per share.

The note has an expiry date of six months from the date of issue, convertible by capital at any time in whole or in part, subject to any necessary shareholder and regulatory approval.