Katoro Gold PLC CLN Conversion (0228Z)
September 15 2020 - 3:10AM
UK Regulatory
TIDMKAT
RNS Number : 0228Z
Katoro Gold PLC
15 September 2020
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
('Katoro' or ' the Company')
15 September 2020
Katoro Gold plc ('Katoro' or the 'Company')
CLN CONVERSION
Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel
exploration and development company, announces that, further to its
announcements of 30 January 2020, 19 May 2020 and 8 June 2020, it
has received further notices from certain clients of SI Capital,
the Company's broker, who participated in the January 2020
Convertible Loan Note ('CLN') to convert , in aggregate, GBP 10,000
principal value of the CLN at a conversion price of 1.4 pence per
share. As a result, the Company will issue the relevant CLN holders
with 714,285 new ordinary shares of 1 pence each in the Company
('Ordinary Shares') ('Conversion Shares') and following the
conversion the CLN will have a principal outstanding balance
remaining amounting to GBP77,000. The CLN accrues interest at 20%
per annum on a daily basis and the total accrued interest relating
to the foregoing conversions amounts to GBP1,210.96, which will be
settled in cash.
Admission and Total Voting Rights
Application will be made for 714,285 new Ordinary Shares to be
admitted to trading on AIM, and dealings are expected to commence
on or around 22 September 2020 ('Admission'). Following Admission,
the share capital of the Company will comprise 324,412,595 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 324,412,595 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 29.63% of the Company's then
issued share capital, and Sanderson will be interested in
20,000,000 Ordinary Shares representing approximately 6.16% 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
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
Andrew Thomson
Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker
Sam Lomanto 500
Isabel de Salis +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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