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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.025 | 5.81% | 0.455 | 0.44 | 0.47 | 0.455 | 0.43 | 0.43 | 24,615,755 | 16:06:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -1.46M | -0.0001 | -45.00 | 91.09M |
TIDMKOD
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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February 16, 2021 02:00 ET (07:00 GMT)
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