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Share Name Share Symbol Market Type Share ISIN Share Description
Kodal Minerals Plc LSE:KOD London Ordinary Share GB00BH3X7Y70 ORD 0.03125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.1325 0.13 0.135 0.135 0.1275 0.1325 253,424,964 14:04:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.0 - 21

Kodal Minerals PLC Loan conversion and change to total voting rights

16/02/2021 7:00am

UK Regulatory (RNS & others)


Kodal Minerals (LSE:KOD)
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RNS Number : 1780P

Kodal Minerals PLC

16 February 2021

Kodal Minerals plc ("Kodal Minerals" or the "Company")

Loan conversion and change to total voting rights

Kodal Minerals, the mineral exploration and development company, announces that it has received a conversion notice in relation to its US$1.5 million unsecured convertible loan agreement (the 'Loan Agreement') with Riverfort Global Opportunities PCC Limited and YA II PN Ltd (the 'Investors'), details of which were announced on 15 July 2020.

The Investors have elected to convert a total amount of $169,384.70 (equivalent to GBP122,244.94), made up of a principal amount of $150,000.00 and accrued interest of $19,384.70, into 153,379,428 new ordinary shares of 0.03125p each in the Company ("Ordinary Shares"), at a price of 0.079701 pence per Ordinary Share.

Application will be made for the 153,379,428 new Ordinary Shares being issued to be admitted to trading on AIM and it is expected that admission will take place on or around 19 February 2021 ("Admission").

Total Voting Rights

Upon Admission, the issued share capital of the Company will consist of 12,344,541,143 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 12,344,541,143. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please visit www.kodalminerals.com or contact the following:

 
  Kodal Minerals plc 
   Bernard Aylward, CEO                                 Tel: +61 418 
                                                        943 345 
  Allenby Capital Limited, Nominated Adviser 
   Jeremy Porter/Nick Harriss/Liz Kirchner              Tel: 020 3328 
                                                        5656 
  SP Angel Corporate Finance LLP, Financial Adviser 
   & Broker                                             Tel: 020 3470 
   John Mackay/Adam Cowl                                0470 
  St Brides Partners Ltd, Financial PR 
   Susie Geliher/Cosima Akerman                         Tel: 020 7236 
                                                        1177 
 

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END

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February 16, 2021 02:00 ET (07:00 GMT)

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