Katoro Gold PLC SANDERSON CLN CONVERSION (9924E)
04 March 2020 - 9:26PM
UK Regulatory
TIDMKAT
RNS Number : 9924E
Katoro Gold PLC
04 March 2020
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
4 March 2020
Katoro Gold plc ('Katoro' or the 'Company')
SANDERSON CLN CONVERSION
Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel
exploration and development company, announces that, further to its
announcement of 25 February 2020, it has received notification from
Sanderson Capital Partners Ltd ('Sanderson') that it has elected to
convert the full remaining balance of GBP300,000 due pursuant to
the Sanderson convertible loan note ('Sanderson CLN') at a
conversion price of 1.5 pence. As a result, the Company will issue
Sanderson with 20,000,000 new ordinary shares of 1 pence each in
the Company ('Ordinary Shares') ('Conversion Shares') and following
the conversion, the Sanderson CLN will have been fully paid up and
settled with no outstanding balance remaining.
Admission and Total Voting Rights
Application will be made for the Conversion Shares to be
admitted to trading on AIM, and dealings are expected to commence
on or around 10 March 2020 ('Admission'). Following Admission, the
share capital of the Company will comprise 211,022,129 Ordinary
Shares.
Each Ordinary Share has one voting right and no Ordinary Shares
are held in treasury. Accordingly, the total number of voting
rights will be 211,022,129 and this figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, Katoro under the
FCA's Disclosure Guidance and Transparency Rules.
Following the issue of the Conversion Shares and Admission, Kibo
Energy PLC will be interested in, in aggregate, 96,138,738 Ordinary
Shares representing approximately 45.56% of the Company's then
issued share capital, and Sanderson will be interested in
20,000,000 Ordinary Shares representing approximately 9.48% of the
Company's then issued share capital.
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Richard Tulloch +44 (0) 20 7409 Strand Hanson Limited Nominated Adviser
Ritchie Balmer 3494
Georgia Langoulant
Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker
Sam Lomanto 500
Charlotte Page +44 (0) 20 7236 St Brides Partners Investor and Media
Beth Melluish 1177 Ltd Relations Adviser
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END
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