Wyloo Metals today announced it has increased its investment in Canadian-listed Queen’s Road Capital (“QRC”) by C$ 14.5 million.
QRC is a leading financier to the global resource sector. The Company acquires and holds securities for both long-term capital appreciation and short-term gains, with a focus on convertible debt funding solutions. QRC invests in resource projects located in safe jurisdictions that are already producing or in advanced development.
In recognition of Wyloo Metal’s ongoing support, QRC has agreed to grant Wyloo Metals one seat on the Board of Directors for as long as it maintains a 10 per cent stake in the Company. The Board appointee will be announced at a later date.
Wyloo Metals is a company of Tattarang. It manages a diverse portfolio of wholly-owned exploration projects and cornerstone investments in both public and private companies.