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IN BRIEF: Kodal Minerals to convert USD150,971 of loan into shares

12th Mar 2021 17:55

Kodal Minerals PLC - miner developing project in southern Mali and Cote d'Ivoire - Said Thursday, it received a conversion notice in relation to its USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Investors have elected to convert a total amount of USD150,971, equivalent to GBP108,156, made up of a principal amount of USD150,000 and accrued interest of USD971, into 128.1 million shares at a price of 0.084 pence per share.

Current stock price: 0.100p

Year-to-date change: down 4.7

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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