Replenish Nutrients closes $7.5M equity investment from SRC Agrominerals

Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) has closed the $7.5 cardinal equity information of a antecedently announced $15 cardinal strategical concern from SRC Agrominerals Sales, the institution said.

The $7.5 cardinal convertible debenture concern is expected to adjacent connected oregon astir August 14, 2026.

As a effect of the equity investment, SRC has taken an archetypal 19.9% non-diluted involvement successful Replenish.

Net proceeds volition beryllium utilized to money the Beiseker Pelletization Expansion, moving capital, inventory purchases, indebtedness repayment and wide firm purposes.

The institution besides entered into an capitalist rights statement with SRC, giving it the close to nominate 1 manager to Replenish's board, expanding to 2 directors pursuing closing of the debenture investment, on with information rights to support its pro-rata ownership.

SRC CEO Tim Close volition beryllium appointed to Replenish's board. Dr David Morris, a manager of SRC, volition articulation the Replenish committee arsenic an advisor and volition beryllium enactment guardant arsenic a manager astatine the company's adjacent yearly shareholder meeting.

Replenish besides entered into a 10-year proviso statement with SRC for the proviso and transportation of carbonatite, a calcium, phosphorus, trace-mineral and microbial-rich assets utilized for its soil-enhancing properties. The institution said the Spanish River deposit is distinguished by precocious concentrations of loosely bonded calcium, phosphorus, potassium and magnesium, on with hint uncommon world elements, and without the radioactive oregon toxic dense metals recovered successful galore different carbonatite deposits.