IN BRIEF: MetalNRG raises GBP220,000 via convertible loan notes issue
9th Feb 2024 09:18
MetalNRG PLC - London-based natural resources and energy-focused investor - Raises GBP223,000 via issue of convertible loan notes carrying a 15% annual coupon and convertible upon the earlier of the company completing a reverse takeover or two years from today. Says the proceeds raised through the issue, alongside an additional unsecured short-term loan of GBP150,000, will be used to undertake specific due diligence work on projects identified as potential reverse takeover targets and for general corporate purposes. Read More