Mustang Energy PLC Payment of Backstop & Repayment of Working Capital (9036T)
2023年11月20日 - 4:30PM
RNSを含む英国規制内ニュース (英語)
TIDMMUST
RNS Number : 9036T
Mustang Energy PLC
20 November 2023
20 November 2023
Mustang Energy PLC
("MUST" or the "Company")
Payment of Backstop Fee and Repayment of Working Capital
Facility
As referred to in the announcement dated 12 September 2023, MUST
advises that it has issued to Bushveld Minerals Limited ("BMN")
606,394 new ordinary shares in the capital of MUST (the "Backstop
Shares") issued at an agreed price per share of GBP0.20 as full
repayment of backstop fees of GBP121,278.75 as a result of
redemption of the Company's convertible loan notes as described in
the Company's announcement dated 9 August 2023.
MUST has also issued 1,273,972 new ordinary shares in the
capital of MUST (the "Facility Shares") at an agreed price per
share of GBP0.2674 as full repayment of the US$420,000 working
capital facility (the "Facility") provided by BMN to the Company in
January 2022 and January 2023.
Pursuant to the terms of the Facility, BMN will be issued 1
warrant for every 2 shares issued to it by the Company (the
"Warrants"). Each Warrant will grant BMN the right (but not the
obligation) to subscribe for one new ordinary share in the capital
of the Company (an "Ordinary Share") at an exercise price per share
of GBP0.30. The Warrants have an exercise period of 12 months after
issue. Any Warrants that are not exercised within this period will
lapse.
Admission and Total Voting Rights
Application will be made for the Backstop Shares and the
Facility Shares to be admitted to the Official List and to trading
on the main market of the London Stock Exchange plc ("Admission")
albeit subject to the continued suspension of trading of the
Ordinary Shares.
Following Admission, the total issued share capital of the
Company will consist of 12,161,966 Ordinary Shares. Therefore, the
total number of voting rights in the Company is 12,161,966 and this
figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest, in the share capital of the Company.
ENQUIRIES
For further information, please visit www.mustangplc.com, follow
us on Twitter @Mustang_Plc, or contact:
Mustang Energy PLC
Dean Gallegos, Managing Director dg@mustangplc.com
+61 416 220 007
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END
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(END) Dow Jones Newswires
November 20, 2023 02:30 ET (07:30 GMT)
Mustang Energy (LSE:MUST)
過去 株価チャート
から 5 2024 まで 6 2024
Mustang Energy (LSE:MUST)
過去 株価チャート
から 6 2023 まで 6 2024