Era Resources is pleased to announce that it has closed the first US$7,000,000 tranche of its previously announced issuance of US$14,000,000 principal amount of convertible unsecured debentures, to its major shareholder, Sentient Executive GP IV, Limited, acting as the general partner of Sentient GP IV, L.P., itself acting as the general partner of Sentient Global Resources Fund IV, L.P. pursuant to a debenture
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