RE: Last minute buying20 May 2026 12:36
Beyondthesea- were both qouting from the same RNS, Dec 2024.
995,454,544 is not a fixed amount, it was the number of shares based on the shares in issue at the time, and generated ZAR250,000,000 in 'Loan Notes'.
https://www.investegate.co.uk/announcement/rns/neo-energy-metals--neo/transformational-acquistion-of-beisa-uranium-mine/8599578?utm_source=chatgpt.com
See under... Key Terms of the Acquisition:
"Under the Option Agreement, the Loan Notes will be transferred from Sibanye-Stillwater to the Company, following exercise of the option by either party and the issue of 995,454,544 new ordinary shares to Sibanye-Stillwater at an issue price of 1.10 pence per share. Exercise of the option and issuance of these new ordinary shares is conditional upon obtaining a Rule 9 Waiver, admission to the Financial Conduct Authority's Official and the publication of a prospectus by the Company
· The Loan Note Instrument will remain as an inter-company debt between the Company and South African subsidiary, Neo Uranium Resources Beisa Mine (Pty) Limited and allow the efficient distribution of future profits from the Beisa Uranium Project through to the Company and its shareholders
· The Relationship Agreement sets out the terms of the relationship between, the Company, Neo Uranium Resources Beisa Mine (Pty) Limited and Sibanye-Stillwater, under which Sibanye-Stillwater has the right to appoint directors to the Company's Board and also holds a pro rata right of first refusal in respect of any proposed new issuance by the Company of new shares"