Auplata Mining Group announced a private placement of bonds for gross proceeds of €50,000,000 on May 6, 2021. The transaction will include participation from RARE EARTH GLOBAL INVESTMENTS LTD. This 36-month unsecured financing is made through the issuance of bonds entitling the subscription of bonds repayable in cash and/or in new and/or existing shares of the company with share warrants. The bonds bear an interest of 0% per annum.

The company will receive 2 first tranches of €5,000,000 each represented by 500 ORNANE with a face value of €10,000, then 16 tranches of €2,500,000 each represented by 250 ORNANE with a face value of €10,000, for a total of €2,500,000 each represented by 250 ORNANE. The line could be renewed twice by company's sole hand for a period of 36 months each, bringing the gross amount of the overall financing available to €150,000,000. The transaction results in a commitment fee of €2,250,000.

The bonds cannot be transferred or transferred without the company's prior consent. The Investor has subscribed €5,000,000 in its first tranche in order to subscribe 500 ORNANE with 9,615,384 BSA having a unit exercise price of €0.26. The recovery period is 15 days of negotiation and no later than May 24, 2021 for the first tranche, 85 trading days for the second tranche and 50 days of trading for the following tranches.