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IN BRIEF: Kodal Minerals converts final USD200,000 of loan agreement

17th Mar 2021 13:58

Kodal Minerals PLC - miner developing project in southern Mali and Ivory Coast - Receives conversion notice for USD200,000 of the USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd announced back in July 2020. Notes USD200,000 will be converted into 168.5 million shares at a price of 0.08556 pence per share. Says the notice represents the final conversion and there are no further amounts outstanding to the investors from the agreement.

Current stock price: 0.17p, up 23% on Wednesday

Year-to-date change: up 50%

By Zoe Wickens; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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