Tungsten West plc conditionally raised £2.8 million by adding a further tranche to its existing 2023 convertible loan notes. HEMERDON Certain existing CLN holders subscribed for tranche G in part A for £1.9 million and part B for £900,000. The company also proposes a “major” capital raise expected from the beginning of Q2 2025 which […]
Tag: convertible loan notes (CLN)
CMR chairman purchases loan notes balance
Critical Mineral Resources plc’s chairman has agreed to acquire the balance of the July convertible loan notes. VOTING RIGHTS Dominic Traynor will purchase in cash £325,619.17 of the balance due under the loan notes from the loan note holders. Under the terms of the CLNs, Mr Traynor will convert the balance into 29,601,743 new […]
Kavango secures £10.27m financing
Kavango Resources plc has secured strategic financing of £10,277,868 comprising a placing and convertible loan notes. LISTING The placing of 938,028,569 new ordinary shares of £0.001 each at 0.7 pence per share will raise £6,566,200, subject to a Financial Conduct Authority approved prospectus and shareholders. The company’s deputy chairman Peter Wynter Bee has additionally agreed […]
Panther converts £53,668 CLNs into shares
Panther Metals plc has received notice to convert the remaining principal amount of convertible loan notes plus interest for a total £53,668 including a 4.25% extension premium. The Ontario-focused company issued to the remaining holders 52,360 new ordinary shares at £1.025 per ordinary share. Following admission, Panther’s total issued share capital will consists of 4,279,080 […]
CMR converts £33,000 CLN into shares
Critical Mineral Resources plc has received notice to convert the principal amount of a convertible loan note plus accrued and unpaid interest for a total £33,000. The Morocco-focused company issued 1,462,926 new ordinary shares of £0.01 each and allotted 1,537,074 treasury shares of £0.01 each, for a total three million ordinary shares. Following admission, CMR’s […]
Panther issues 59,000 shares for CLNs
Panther Metals plc has issued 59,000 new ordinary shares each at £1.025 to remaining convertible loan note holders for £60,987 CLNs, including interest and a 4.25% extension premium. Following admission, the company’s total issued share capital consists of 4,226,720 ordinary shares. Panther holds no ordinary shares in treasury.