BWA Group PLC - company which has mineral exploration licences in Cameroon and Canada - Reaches settlement with shareholder St-Georges Eco-Mining Corp, also known as SX, regarding a legal action which had been announced back in late 2021. BWA says SX, which will hold a stake of about 20% under the settlement as at the end of February, will convert GBP731,124 of 0% convertible loan notes issued in consideration for Kings of the North Corp into 146.2 million shares of 0.5 pence each. Further, SX will return for cancellation a further GBP1.4 million of convertible notes. BWA highlights that SX will abstain from voting at any general meeting of BWA shareholders for three years on any resolution concerning board membership or management composition. "All legal action in both the UK and Canada will be terminated by both parties," BWA says.
Current stock price: 0.25 pence each on AQSE
12-month change: down 44%
By Tom Budszus, Alliance News slot editor
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