MetalNRG PLC Issue of Convertible Loan Notes
November 20 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8684M
MetalNRG PLC
20 November 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
(SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
20
November 2024
MetalNRG
plc
(the
"Company" or "MetalNRG")
Issue of Convertible Loan
Notes
MetalNRG (LON:MNRG), the natural
resources and energy
company, announces that is has raised
£475,000 via the issue of convertible loan notes ("CLNs").
The CLNs carry a 15% per annum coupon and are convertible
into new ordinary shares in the Company, at a 20% discount to the
prevailing share price, upon the earlier of the
Company completing a transaction classified as a reverse takeover
under Listing Rule 5.6.4 or two years from the date of issue.
The CLNs are also subject to customary events of
default.
The funds raised through the issue
of the CLNs will be used to cover certain transaction costs in
relation to the Company's proposed
acquisition of Compagnie Minière de l'Oumejrane S.A. ("CMO"), as
announced on 17 October 2024, and for
general corporate purposes.
For
further information, please contact:
|
MetalNRG PLC:
|
|
Christopher Chadwick
|
+44 (0) 207 796 9060
|
|
Rolf Gerritsen
|
|
|
Hannam & Partners - Financial Adviser and Joint
Broker
|
|
Andrew Chubb
|
+44 (0) 207 907 8500
|
|
SPARK Advisory Partners Limited - Sponsor
|
|
James Keeshan
|
+44 (0) 203 368 3550
|
|
Andrew Emmott
|
|
|
Peterhouse Capital Limited - Joint Broker:
|
|
Lucy Williams
|
+ 44 (0) 207 469 0930
|
|
Duncan Vasey
|
|
|
S I
Capital Limited - Joint Broker:
|
|
Nick Emerson
|
+44 (0) 1483 413500
|
|
IFC
Advisory Limited - Financial PR and IR
|
|
|
Tim Metcalfe
|
+44 (0) 203 934 6630
|
|
Florence Chandler
|
|
|
|
| |
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
IODFFUFAUELSEEF
Atlas Metals (LSE:AMG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Atlas Metals (LSE:AMG)
Historical Stock Chart
From Dec 2023 to Dec 2024
