Core Viewpoint - ExGen Resources Inc. is optimistic about the funding opportunity for the Empire Mine Project, which is expected to enhance its development and construction activities [2][6]. Funding and Investment - Phoenix Copper Limited has signed a Letter of Intent with a US-based investor to subscribe for $75 million in secured floating rate corporate copper bonds due between 2029 and 2033 [2][3]. - The bond placement will occur in three tranches, starting with $30 million upon execution of legal documentation [3]. Shareholder and Board Changes - The investor will receive a preference share convertible into 25 million new ordinary shares, representing approximately 10.5% of the enlarged share capital, with conversion rights vesting pro-rata to the bond drawdown [4]. - Following the payment of the first tranche, the investor will be allocated one board seat on Phoenix's Board [5]. Project Development - The proposed bond placement aims to provide cash resources for completing the construction of the Empire open-pit copper, gold, and silver mine and initiating an underground drilling program [8]. - A short-term loan provider has converted $176,585 of outstanding principal into 4,853,208 new ordinary shares at a price of 2.82 pence per share [8]. Share Capital and Trading - After the partial loan conversion, the company has 212,037,300 ordinary shares outstanding, which shareholders can use for interest notification calculations [10].