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IN BRIEF: Technology Minerals receives conversion notice for bonds

Fri, 24th May 2024 20:18

Technology Minerals PLC - London-based battery metals and recycling firm - Receives conversion notice from Atlas Capital Markets LLC on Wednesday for GBP80,000 of convertible bonds from the convertible bond facility announced in March. Technology Minerals says it has drawn a total of GBP2.1 million under the facility, GBP330,000 of which has been converted into new ordinary shares. ACM indicates it has no immediate plans to dispose of the shares. Technology Minerals will issue around 18.4 million shares at 0.43516 pence each.

Current stock price: 0.50 pence, up 11 % in London on Friday

12-month change: down 76%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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