MetalNRG PLC Issue of Convertible Loan Notes
August 06 2024 - 4:15AM
RNS Regulatory News
RNS Number : 3677Z
MetalNRG PLC
06 August 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.
6
August 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
£244,000 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 undertake specific operational and
legal due diligence work on projects that have been identified as
potential reverse takeover targets for the Company and for general
corporate purposes.
The person responsible for the
release of this information on behalf of the Company is Rolf
Gerritsen, Executive Director.
For
further information, please contact:
|
MetalNRG
PLC:
|
|
Rolf Gerritsen
|
+44 (0) 207 796 9060
|
|
Chris Chadwick
|
+44 (0) 207 796 9060
|
|
Hannam &
Partners - Financial Adviser
|
|
|
Andrew Chubb
|
+44 (0) 207 907 8500
|
|
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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END
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