RE: What might Rolf in interview?21 Nov 2021 12:51
Rns dated 15 th Jan 2021
The initial investment made by MetalNRG in BritNRG will be via a convertible loan note for a total amount of £450,000, payable in 3 tranches and which upon redemption will convert into 50% of the total BritNRG equity.
The total working capital investment in BritNRG via MetalNRG's convertible loan note and the private investor group will be £750,000, which will enable BritNRG to meet: i) purchase commitments, ii) all financial commitments as required to maintain the current operations on a stable footing for at least the next 18 months and iii) priority accretive interventions.