George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Loan Conversion and Change to Total Voting Rights
Fri, 9th Oct 2020 18:04
RNS Number : 7024B
Kodal Minerals PLC
09 October 2020
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
9 October 2020
Kodal Minerals plc ('Kodal Minerals' or the 'Company')
Loan Conversion and Change to Total Voting Rights
Kodal Minerals, the mineral exploration and development company, announces that it has received a conversion notice in relation to its US$1.5 million unsecured convertible loan agreement (the 'Loan Agreement') with Riverfort Global Opportunities PCC Limited and YA II PN Ltd (the 'Investors'), details of which were announced on 15 July 2020.
The Investors have elected to convert a total amount of $102,352.31 (equivalent to £79,271.86), made up of a principal amount of US$100,004.40 and accrued interest of $2,347.91, into 125,034,486 new ordinary shares of 0.03125p each in the Company ('Ordinary Shares'), at a price of 0.06340 pence per Ordinary Share.
Application will be made for the 125,034,486 new Ordinary Shares being issued on exercise to be admitted to trading on AIM and it is expected that admission will take place on or around 15 October 2020 ('Admission').
Total Voting Rights and AIM Rule 17
Upon Admission, the issued share capital of the Company will consist of 11,464,229,052 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 11,464,229,052. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
Pursuant to AIM Rule 17, the Company announces that the shareholding of Suay Chin International Pte Ltd remains at 2,290,471,568 ordinary shares but will represent 19.98% of the Company's issued share capital on Admission.
NOTHING BUT CONSTANT DILLUTION WITH CLN’s
GET OUT ASAP BEFORE THEY CONVERT MORE
READ THR RNSs
LOTS MORE LEFT TO CONVERT
NOT CALLED DEATH SPIRAL FINANCE FOR NOTHING
IT KILLS EVERY SINGLE COMPANY 100%
DONT LISTEN TO THE RAMPERS !!!
Loan Conversion and Change to Total Voting Rights
Fri, 9th Oct 2020 18:04
RNS Number : 7024B
Kodal Minerals PLC
09 October 2020
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
9 October 2020
Kodal Minerals plc ('Kodal Minerals' or the 'Company')
Loan Conversion and Change to Total Voting Rights
Kodal Minerals, the mineral exploration and development company, announces that it has received a conversion notice in relation to its US$1.5 million unsecured convertible loan agreement (the 'Loan Agreement') with Riverfort Global Opportunities PCC Limited and YA II PN Ltd (the 'Investors'), details of which were announced on 15 July 2020.
The Investors have elected to convert a total amount of $102,352.31 (equivalent to £79,271.86), made up of a principal amount of US$100,004.40 and accrued interest of $2,347.91, into 125,034,486 new ordinary shares of 0.03125p each in the Company ('Ordinary Shares'), at a price of 0.06340 pence per Ordinary Share.
Application will be made for the 125,034,486 new Ordinary Shares being issued on exercise to be admitted to trading on AIM and it is expected that admission will take place on or around 15 October 2020 ('Admission').
Total Voting Rights and AIM Rule 17
Upon Admission, the issued share capital of the Company will consist of 11,464,229,052 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 11,464,229,052. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
Pursuant to AIM Rule 17, the Company announces that the shareholding of Suay Chin International Pte Ltd remains at 2,290,471,568 ordinary shares but will represent 19.98% of the Company's issued share capital on Admission.
Death spiral financing is the result of a badly structured convertible financing used to fund primarily small cap companies in the marketplace, causing the company's stock to fall dramatically, which can lead to the company's ultimate downfall.
THIS WILL TANK !!!
I would stay well clear of this until the CLNs (dept) is payed off in full because any rise will get sold into and new shares will get issued which means theres a unlimited amount of shares which will dilute you to death .
Don’t listen to all the pumpers and look what happened to PRD who had the same problem.
This is a dead dog until it’s paid off
365mb of light sweet crude valued at nothing .
Simples
Hi t-a-p
100-0.8067
250-same
500-same
1m - 0.9555
Nice and BLUE
Wake up and smell the coffee .
I would sell now and take what’s left before it all goes imho
MM will bring this down every single day , they will collect stops and get people panick selling at any cost .
The smart ones are selling onto retail . Just wait till they pull the carpet away from your feet .
It will be a BLOODBATH !!!!!
Could do with a few more
PMSL
Fine short all the way to 0.1p
This will tank
Great video Wraith
That is one intelligent man , I liked what he said about oil at $40 and about buying when things are on the floor.
Thanks for sharing
https://www.britishbulls.com/SignalPage.aspx?lang=EN&Ticker=BOR.L
https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-19th-november-2020/#gs.lzc1mx
That this share has amazing upside potential from this level . It could be life changing for a few of us !!!!
Phil ,
Keep on banging on about the 0.6p will you please bud because I’m in stitches just thinking about you .
Play into the MM hands and sell every single share .
Please deramp all you like and warn people not to buy in here .
I’ll help you ....
0.0000001p Tom at open
LOLS
That’s why he is getting personal and calling me a tool
I really like knowing I get into he’s little head and that he constantly thinks about me
It gives me a nice warm fuzzy feeling knowing that I’m always in his mind just like that 50p+ average is
Hahahahaha
Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.”
Warren Buffett