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Corcel PLC - London-based mineral explorer and developer with interests in battery metals and flexible energy generation & storage - C4 Energy purchases GBP126,917 of principal interest in Corcel's debt.
In addition, Corcel will make a payment of GBP100,000 to reduce its existing debt position and has agreed to refinance the balance to December 23, 2022. Will also issue to lenders 3.8 million warrants with a 1.5 pence strike price.
Current stock price: 1.11 pence
Year-to-date change: up 2.8%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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