Reabold Resources plc has increased its interest to 29.2% in the Colle Santo gas field option holder. RESOURCE The company converted £510,236.28 of convertible loan notes plus accrued interest, into 36 ordinary shares of LNEnergy Ltd at £14,173.23 per share. The loan note is dated 26 March 2024. LNEnergy manages and owns 20% in Italian […]
Tag: convertible loan notes (CLN)
CMR issues three million shares to convert CLN
Critical Mineral Resources plc has issued 3,068,243 new ordinary shares of £0.01 each after receiving notice to convert the principal amount of a convertible loan note with unpaid interest, totalling £33,750.68. Following admission, the company’s enlarged issued share capital will comprise 83,867,102 ordinary shares. Of the total, 2,666,666 ordinary shares are in treasury with no […]
Tungsten West raises £2m via CLNs
Tungsten West plc has raised £2 million by adding an additional tranche to the existing 2023 convertible loan notes to progress work at the Hemerdon mine in Devon. FINANCING Tranche F is on substantially the same terms as tranches A, B, C, D and E of the CLNs. The company said that July’s tranche E […]
Kavango deputy chairman advances £200,000
Kavango Resources plc received a £200,000 advance from its deputy chairman in a convertible loan note. LISTING Peter Wynter Bee’s subscription on 24 September follows the £2 million investment from major shareholder Purebond Ltd, and is on the same terms. Kavango added that the Financial Conduct Authority was reviewing its completed draft prospectus. The final […]
Critical Mineral raises further £100,000
Critical Mineral Resources plc has raised an additional £100,000 through the convertible loan note issue in July, taking the total to £1 million. CMR also issued 1,090,909 warrants as payment for fees. The company, focused on metals exploration in Morocco, said the fundraise followed further strong demand.
Red Rock secures extension for CLNs
Red Rock Resources plc has secured an extension to and settled interest on its 12% convertible notes to 18 November 2024. The notes relate to the July 2022 issue of £623,000 notes with accompanying warrants to high net worth investors. In August 2023 the company extended the term of the notes, and agreed a partial […]