IN BRIEF: Corcel sells off portion of debt, rebalances remainder

Tue, 14th Dec 2021 21:51

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

Related Shares

More News

31 May 2024 16:57

LONDON MARKET CLOSE: FTSE 100 rounds off decent May with gain

(Alliance News) - Equities in Europe ended higher on Friday, though stocks in New York were weaker, despite a key US inflation gauge landing in line w...

25 Apr 2024 15:47

EXECUTIVE CHANGES: Hydrogen Future Industries 25% shareholder made CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported ...

23 Apr 2024 19:58

EARNINGS AND TRADING: Graft Polymer extends loan; ASA profit down 30%

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reporte...

16 Apr 2024 20:19

TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

15 Apr 2024 12:12

IN BRIEF: Corcel completes initial well testing; raises GBP1.3 million

Corcel PLC - London-based mining and resource development company - Notes the conclusion of initial well test efforts at TO-14 well in the Kwanza Basi...