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Pin to quick picksMkango Resources Regulatory News (MKA)

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COTEC FUNDING INSTALMENT RECEIVED

6 Feb 2023 14:30

RNS Number : 0592P
Mkango Resources Limited
06 February 2023
 

 

 

 

 

 

MKANGO RESOURCES LTD.

550 Burrard Street

Suite 2900

Vancouver

BC V6C 0A3

Canada

 

COTEC FUNDING INSTALMENT RECEIVED

 

London, U.K. and Vancouver, CANADA - February 6, 2022 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that, further to the announcement on 1st February 2022, Mkango has received the £452,500 from CoTec (C$729,839), being the final instalment under the £2,000,000 convertible loan agreement providing for a two-year, secured convertible loan from CoTec to Mkango (the "Convertible Loan") with 5% interest, convertible into Mkango shares at 27p each or, under certain condition, into shares of Mkango's subsidiary, Maginito Limited.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango, and CoTec. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements.

 

For further information on Mkango, please contact:

Mkango Resources Limited

 

William Dawes Alexander Lemon

Chief Executive Officer President

will@mkango.ca alex@mkango.ca

Canada: +1 403 444 5979

www.mkango.ca

@MkangoResources

 

BlytheRay

Financial Public Relations

Tim Blythe

UK: +44 207 138 3204

 

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Jeff Keating, Caroline Rowe

UK: +44 20 3470 0470

 

Alternative Resource Capital

Joint Broker

Alex Wood, Keith Dowsing

UK: +44 20 7186 9004/5

 

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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MSCSSAFLMEDSESE
Date   Source Headline
15th Jul 20247:00 amRNSMID-PROJECT UPDATE FOR HYPROMAG USA
1st Jul 20247:00 amRNSPILOT PLANT SUCCESSFULLY COMMISSIONED
24th Jun 20247:00 amRNSHYPROMAG USA APPOINTS L LOURIE TO ADVISORY BOARD
10th Jun 20247:00 amRNSHYPROMAG TO COLLABORATE WITH ENVIPRO
30th May 20247:00 amRNSMKANGO RELEASES Q1 2024 FINANCIAL STATEMENTS
10th May 20247:00 amRNSMANAGEMENT RESTRUCTURES COMPENSATION
30th Apr 20247:00 amRNSMkango releases year-end 2023 financial statements
11th Apr 20247:00 amRNSMKANGO CLOSES £750,000 (C$1.3M) PRIVATE PLACEMENT
25th Mar 20247:00 amRNSMKANGO RAISES £750,000 TO ADVANCE MAGNET RECYCLING
11th Mar 20247:00 amRNSMAGINITO AND COTEC APPOINT LEAD ENGINEERS
3rd Jan 20247:00 amRNSUPDATE ON MAGINITO AND COTEC US JOINT VENTURE
14th Dec 20233:05 pmRNSRESIGNATION OF NON-EXECUTIVE DIRECTOR
12th Dec 20237:00 amRNSFIRST PRODUCTION OF RECYCLED MAGNETS AT TYSELEY
30th Nov 20237:00 amRNSResults for the quarter ending 30 September 2023
13th Nov 20237:00 amRNSMKANGO RELEASES FIRST ESG REPORT
26th Oct 20237:00 amRNSMKANGO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
18th Oct 20237:00 amRNSUPDATED CORPORATE PRESENTATION
11th Oct 20233:32 pmRNSHYPROMAG'S TECHNOLOGY SELECTED AS A MSP PROJECT
10th Oct 20237:00 amRNSUPDATE ON HYPROMAG'S RECYCLING TECHNOLOGY
2nd Oct 20237:00 amRNSCOTEC COMPLETES CONVERSION OF £2M MKANGO LOAN NOTE
14th Sep 20237:00 amRNSMAGINITO, AND COTEC FORM US JOINT VENTURE
12th Sep 202310:00 amRNSHYPROMAG TO PARTICIPATE IN INNOVATIVE PROJECT
25th Aug 20237:00 amRNSResults for the quarter ending 30 June 23
3rd Aug 20237:00 amRNSMAGINITO COMPLETES ACQUISITION OF HYPROMAG
10th Jul 20235:25 pmRNSHolding(s) in Company
10th Jul 20237:00 amRNSNotice of Investor Presentation
30th May 20237:00 amRNSQ1 2023 financials and award of options and RSUs
24th May 20237:00 amRNSAppointment of Non-Executive Director
16th May 20237:00 amRNSMAGINITO TO ACQUIRE RARE EARTH MAGNET RECYCLER
2nd May 20237:00 amRNSMkango releases year-end 2022 financial statements
16th Mar 20237:00 amRNSCOMPLETION OF £1.5 MILLION INVESTMENT BY COTEC
27th Feb 20237:00 amRNSMKANGO PROVIDES UPDATE ON PLACING
14th Feb 20237:00 amRNSMKANGO ANNOUNCES DIRECTOR DEALING
13th Feb 20234:40 pmRNSSecond Price Monitoring Extn
13th Feb 20234:35 pmRNSPrice Monitoring Extension
13th Feb 20232:05 pmRNSSecond Price Monitoring Extn
13th Feb 20232:00 pmRNSPrice Monitoring Extension
13th Feb 202311:05 amRNSSecond Price Monitoring Extn
13th Feb 202311:00 amRNSPrice Monitoring Extension
13th Feb 20237:00 amRNSMKANGO RAISES £3.5M (C$5.7M)
6th Feb 20232:30 pmRNSCOTEC FUNDING INSTALMENT RECEIVED
1st Feb 202312:00 pmRNSMKANGO AND COTEC SIGN DEFINITIVE AGREEMENTS
26th Jan 20234:35 pmRNSPrice Monitoring Extension
26th Jan 20232:05 pmRNSSecond Price Monitoring Extn
26th Jan 20232:00 pmRNSPrice Monitoring Extension
26th Jan 20237:00 amRNSESHIA APPROVAL FOR SONGWE HILL RARE EARTHS PROJECT
29th Dec 20227:00 amRNSMKANGO AND COTEC PROVIDE TRANSACTION UPDATE
30th Nov 20227:00 amRNSFINANCIAL STATEMENTS AND MANAGEMENT'S DISCUSSION
23rd Nov 20227:00 amRNSGRANT FUNDED HYPROMAG PROJECT
28th Oct 20221:00 pmRNSMKANGO AND COTEC PROVIDE TRANSACTION UPDATE

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