RE: Kodal Deal - Another Winner?16 Mar 2021 19:39
Not sure how much of the total loan we have now converted!
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 $250,337.33 (equivalent to £180,443.15), made up of a principal amount of $250,000 and accrued interest of $337.33, into 210,896,619 new ordinary shares of 0.03125p each in the Company ("Ordinary Shares"), at a price of 0.08556 pence per Ordinary Share.