8th Jul 2015 14:16
LONDON (Alliance News) - Mineral & Financial Investments Ltd Wednesday said it has issued 312,500 shares after receiving a notice to convert GBP25,000 of the 2010 loan notes, meaning the conversion was at 8 pence per share.
The remaining amount under the 2010 loan notes stands at GBP10,000 following the conversion. The 2011 loan notes, worth a total GBP105,000 are due for repayment on August 31, 2015.
Mineral & Financial shares were down 8.3% to 6.76 pence per share on Wednesday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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