Metals Exploration plc has issued 94,127,854 ordinary shares each of £0.0001 held in treasury to satisfy the outstanding £5,647,671.23 unsecured bridging term loan facility, plus interest, with Drachs Investments No3 Ltd. DEBT-FREE The issue price of £0.06 per ordinary share, represents a premium of 9.1% to the middle-market close price on 6 March 2025. Drachs […]
Tag: Condor Gold plc
Metals issues 318m incentive options
Metals Explorations plc has issued 318 million options under its long term incentive programme to certain directors and senior management. TVR Approval to authorise the directors to issue up to 15% of the company’s issued capital as options was granted at a general meeting in August 2024. Options to subscribe for 221.5m ordinary shares are […]
Metals extends £5.5m bridging term loan
Metals Exploration plc has extended the term of its £5.5 million unsecured bridging term loan facility with Drachs Investments No 3 Ltd to 31 March 2025. The company agreed the December 2024 loan in connection with its acquisition of Condor Gold plc. Drachs holds 12.4% of Metals’ issued share capital.
Metals announces TVR following acquisition
Metals Exploration plc has announced its total voting rights and interests held by significant shareholders following its acquisition of Condor Gold plc. INVESTORS The company has 2,951,875,559 shares in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of voting rights is therefore 2,558,362,247. Nick Candy has 651 million shares, representing […]
Metals completes Condor acquisition
Metals Exploration plc today took full ownership of Nicaragua-focused Condor Gold plc following yesterday’s High Court sanction. BOARD Condor non-executive chairman Jim Mellon is expected to be appointed to Metals’ board as a non-executive director, subject to regulatory checks. He will be paid a director’s fee on similar terms to Metals’ existing non-executive directors. All […]
Court sanctions Metals’ acquisition of Condor
Metals Exploration Ltd’s acquisition of Condor Gold plc has today been sanctioned by the High Court, with completion expected tomorrow. Following admission of 830,145,141 new Metals shares issued to Condor shareholders, Metals will have 2,965,438,788 ordinary shares of £0.0001 each in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of […]