RE: loan Note13 Jul 2018 09:59
As part of the agreement to extend the facility, Minoan has agreed to issue 1,765,733 warrants to subscribe for ordinary shares in the Company (the "Warrants") in the name of Silja Investments Limited, a subsidiary of Zachary. The Warrants are exercisable at 6p per share and will expire on 10 July 2022.
Strange - I must be reading a different RNS.. not a discount at all to the current share price ... and not that many new warrants/shares either. Companies roll over loans all the time - I am in several investments that have rolled over their loans. OK - not great, not if the sale goes though in the next 2-3 weeks and this loan is repaid - then this issue will be quickly forgotten..