Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Quetzal Capital Plc
("Quetzal" or the "Company")
Extension to Exercise Date of £500,000 Optional CLNs
Signing of SPA to Acquire TAP Global
Suspension from Trading on AQSE
Quetzal Capital Plc (AQSE: QTZ) is pleased to announce that, further to its
announcement on 7 October 2022, it has signed an agreement ("SPA")
conditionally to acquire the issued, and to be issued, share capital of Tap
Global Ltd ("Tap"), other than the shares to be issued to Quetzal on the
exercise of its conversion rights under convertible loan notes issued to the
Company by Tap Global ("CLNs") subject, amongst other things, to the Company
securing the required fundraise to satisfy the terms of the SPA.
Under the terms of the SPA, the consideration to TAP's existing shareholders
will be 450,000,000 ordinary shares in Quetzal.
Should the fundraise be secured, an Admission Document giving full details of
the proposed Reverse Takeover of Tap ("RTO") will be published. Completion of
the RTO will remain conditional on the approval of the proposed acquisition and
fundraise by Quetzal's existing shareholders and admission of the enlarged
share capital to trading on the Access segment of the AQSE Growth Market.
Quetzal announced on 3 December 2021 that it had subscribed for an aggregate
of £1,500,000 of CLNs in TAP Global. Should the CLNs convert they will do so
at a 50% discount to the valuation of Tap calculated on a conversion event
involving the acquisition of the entire issued share capital of Tap by Quetzal.
Under the terms of the instrument constituting the CLNs, Quetzal had the right
to subscribe for a further £500,000 CLNs, until 31 October 2022. As part of the
arrangements for the RTO, Tap has agreed to extend the deadline to subscribe
for these additional CLNs to 31 December 2022.
As a result of the SPA having been signed, in accordance with the AQSE Growth
Market Access Rulebook, and at the request of the Company, the shares in
Quetzal have today been suspended from trading.
The Directors expect that completion of the Reverse Takeover transaction and
re-admission of the enlarged Company on AQSE will occur following the
publication of the Admission Document and, as noted above, will be subject to
existing Quetzal shareholders' approval of the proposals at a General Meeting.
It is also proposed that, on completion of the proposed Reverse Takeover of Tap
("RTO"), the Company will be renamed TAP Global Plc.
As noted above the RTO is subject to a minimum fundraise being secured.
Accordingly there is no guarantee that the proposed RTO will complete. However,
the Directors currently anticipate that an Admission Document relating to the
proposals will be published on or around the end of November 2022.
John Taylor, Chairman of Quetzal Capital Plc said:
"We are delighted to
KR1 plc (KR1: AQSE), a leading digital asset investment company, today
announces its half year results for the six months ended 30 June 2022 (HY22).
Financial highlights
* Net current assets of £46,741,375, -56% on HY21; -75% on FY21
* NAV per share of 30.59p as at 30 June 2022
* Income from digital assets £16,567,889, +203% on HY21
Wow lots going on here, Happy reading Lee.
Should see this start to move now.
$1899 lol
come on $1900
$18.98
We have all heard what warren buffet said I am sure!
The stock market is a way of transferring wealth from the impatient to the patient.
But we all know that MTL has tested our nerves and indeed patience so Each too their own.
Gold is looking strong again now and I am looking to add to my 6.5 million on any further weakness, but I will be surprised if this goes lower.
Its only at 3.85 dollars a share lol.
LDO up and over £3 dollars now
A welcoming end to the day for a change.
I cant help but think if you all stopped giving him the time of day
the thread would be so much better, just stop playing his game.
I visit this forum to hopefully read some informative posts but all I read
is persi this or persi that its endless boredom.
So my buy of 1.4 mil is now complete at 1.46p and yes its showing as a sell.
Been patiently waiting to buy more and I have decided today is the day.
Got to be bargain bucket prices.
iphoneitrade
That trade was a correction I believe, look at the trade above it.
Think the broker put it in wrong lol
Have a look at RBD roy
Big things expected soon.
Boom
now approaching 300 dollars per token, doubled in the last 2 weeks.
Kr1 has just over 40k of these valued at about 12 million.
Thanks Hydrogen
Link for live prices please phoebus.
Closed at 2.50 dollars I think, about 1.80 gbp
Why post links with missing info!!!!!!!