Corcel PLC Exercise of Warrants - Loan Conversion - TVRs (8484N)
27 9월 2023 - 6:23PM
UK Regulatory
TIDMCRCL
RNS Number : 8484N
Corcel PLC
27 September 2023
Corcel PLC
("Corcel" or the "Company")
Exercise of Warrants - Loan Conversion - Debt Retirement - Total
Voting Rights
27 September 2023
Corcel Plc (London AIM: CRCL), the pan Angolan/Brazilian Oil and
Gas company, with interests across oil and gas and battery metals,
is pleased to announce that it has received notice of the exercise
of 75,000,000 warrants at a price of GBP0.0021 per share, for gross
proceeds of GBP157,500, which have been credited to the Company's
account. Accordingly, the Company has issued 75,000,000 new
ordinary shares of GBP0.0001 each ("Warrant Shares") in the
Company.
Further, the Company announces that it has received notice of
the conversion of GBP100,000 of outstanding loan notes from its
lenders, YA II PN Ltd and Riverfort Global Opportunities PCC
Limited, into 25,000,000 new ordinary shares of the Company at a
price of GBP0.004 per share. Accordingly, the Company has issued
25,000,000 new ordinary shares of GBP0.0001 each ("Conversion
Shares") in the Company.
Finally, the Company announces that it has formally notified YA
II PN Ltd and Riverfort Global Opportunities PCC, and has now
repaid the balance of the corporate debt due following today's
conversion notice. This payment fully retires the facility, most
recently announced on 30 January 2023.
Antoine Karam, Executive Chairman of Corcel, commented: "The
retirement of this legacy debt position alongside the convertible
loan facility recently announced, continues the Company's
transition to a new framework of funding our development. We thank
our warrant holders for helping facilitate this process through
their conversion and for demonstrating their material support for
our ongoing development."
Admission to Trading on AIM and Total Voting Rights
Application is being made for the Warrant Shares and the
Conversion Shares, 100,000,000 in total, to be admitted to trading
on AIM, the admission of which it is expected on or around 03
October 2023.
In accordance with the provision of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following the issue of the Shares, its issued
ordinary share capital will comprise 1,599,528,988 ordinary
shares.
All of the ordinary shares have equal voting rights and none of
the ordinary shares are held in Treasury. The total number of
voting rights in the Company will therefore be 1,599,528,988. The
above figure may be used by shareholders as the denominator for the
calculations to determine if they are required to notify their
interests in, or change to their interest in, the Company.
For further information, please contact:
Antoine Karam Corcel Plc Executive Chairman
Development@Corcelplc.com
James Joyce / James Bavister /Andrew de Andrade WH Ireland Ltd NOMAD & Broker
0207 220 1666
Patrick d'Ancona Vigo Communications IR
0207 3900 230
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEKDLBLXKLLBBF
(END) Dow Jones Newswires
September 27, 2023 05:23 ET (09:23 GMT)
Corcel (AQSE:CRCL.GB)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
Corcel (AQSE:CRCL.GB)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025
