IN BRIEF: Aterian announces early CLN conversion and redemption

Aterian PLC - minerals exploration and trading in Africa, including copper-silver projects in Morocco and Botswana and an exploration licence in Rwanda - Announces the early conversion and redemption of a portion of its recently issued convertible loan notes. This is facilitated through the issue of new shares in the company following a conversion notice from a CLN holder. As a result, Aterian approves the redemption and conversion of GBP80,000 of the CLN. The conversion amount will be satisfied through the issue of 320,000 new shares at a conversion price of 25 pence each.

Current stock price: 24.90 pence

12-month change: down 36%

By Jeremy Cutler, Alliance News reporter

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Aterian Plc