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 […]
Tag: convertible loan notes (CLN)
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 […]
Panther issues 57,000 shares
Panther Metals plc issued 57,073 ordinary shares to executive chairman Nicholas O’Reilly for £8,500 interest following exercise of conversion rights attached to the £50,000 convertible loan notes held by him. The new ordinary shares, of no par value in the company, are each at a price of £1.025. Following the 1 August notification, Mr O’Reilly […]
Panther CEO issued with 63,922 shares
Panther Metals plc chief executive has exercised the conversion rights attaching to the £56,000 of convertible loan notes held by him in respect of principal and accrued interest of £9,520. Following the exercise on 28 July, Darren Hazelwood will be issued with 63,922 new ordinary shares of no par value in the company at £1.025 […]
Tungsten West raises £2.9m via CLN
Tungsten West plc has raised £2.975 million by way of an additional tranche E to the existing 2023 convertible loan notes and tranche D CLN. FINANCING The amended and restated CLN to a tranche E is on substantially the same terms as tranches A, B, C and D and matures on 31 January 2025. Tungsten […]