MetalNRG PLC Issue of Convertible Loan Notes
09 February 2024 - 6:00PM
RNS Regulatory News
RNS Number : 5618C
MetalNRG PLC
09 February 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.
9
January 2024
MetalNRG
plc
(the "Company" or
"MetalNRG")
Issue of Convertible Loan
Notes
MetalNRG (LON:MNRG), the natural
resources and energy
investment company, announces that is has
raised £223,000 via the issue of convertible loan notes
("CLNs"). The CLNs carry a 15% per annum coupon and are
convertible 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, together with an additional
unsecured short-term loan of £150,000 that has been provided to the
Company, will be used to undertake specific due
diligence work on projects that have been identified as potential
reverse takeover targets for the Company and for general corporate
purposes.
For
further information, please contact:
|
MetalNRG
PLC:
|
|
Rolf Gerritsen
|
+44 (0) 207 796 9060
|
|
Chris Chadwick
|
+44 (0) 207 796 9060
|
|
Peterhouse
Capital Limited - Joint Broker:
|
|
Lucy Williams
|
+ 44 (0) 207 469 0930
|
|
Duncan Vasey
|
+ 44 (0) 207 469 0930
|
|
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
|
+44 (0) 203 934 6630
|
|
|
| |
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