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Kodal Minerals PLC - miner developing Bougouni lithium project in southern Mali - Receives conversion notices in relation to its USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Investors have elected to convert a total amount of USD300,242.88 into 347.1 million new ordinary shares, at a price of 0.06340 pence each. Conversions represent final repayment of the USD750,000 first tranche of loan agreement.
The loan conversion will allow for the continued development of its flagship Bougouni lithium project in Mali, and its gold projects in Mali and Ivory Coast.
Current stock price: 0.1148 pence
Year-to-date change: up 6.3%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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