Katoro Gold PLC CLN Conversion and Full and Final Settlement (1992M)
January 19 2021 - 7:23AM
UK Regulatory
TIDMKAT
RNS Number : 1992M
Katoro Gold PLC
19 January 2021
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
19 January 2021
Katoro Gold plc ('Katoro' or the 'Company')
CLN CONVERSION AND FULL AND FINAL SETTLEMENT
Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel
exploration and development company, announces that, further to
previous announcements, most recently on 17 November 2020, it has
received further notices from certain clients of SI Capital, the
Company's broker, who participated in the January 2020 Convertible
Loan Note ('CLN') to convert , in aggregate, GBP 17,000 principal
value of the CLN at a conversion price of 1.4 pence per share. As a
result, the Company will issue the relevant CLN holders with
1,214,285 new ordinary shares of 1 pence each in the Company
('Ordinary Shares') ('Conversion Shares') and following the
conversion, the CLN will have been settled in full with no
principal outstanding balance remaining. The CLN accrues interest
at 20% per annum on a daily basis and the total accrued interest
relating to the foregoing conversions amount to GBP3,390.68 which
will be settled in cash.
Admission and Total Voting Rights
Application will be made for 1,214,285 new Ordinary Shares to be
admitted to trading on AIM, and dealings are expected to commence
on or around 26 January 2021 ('Admission'). Following Admission,
the share capital of the Company will comprise 377,912,593 Ordinary
Shares.
Each Ordinary Share has one voting right and no Ordinary Shares
are held in treasury. Accordingly, the total number of voting
rights will be 377,912,593 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 to their interest in, Katoro under the
FCA's Disclosure Guidance and Transparency Rules.
Following the issue of the Conversion Shares and Admission, Kibo
Energy PLC will be interested in, in aggregate, 96,138,738 Ordinary
Shares representing approximately 25.44% of the Company's then
issued share capital.
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
Andrew Thomson
Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker
Sam Lomanto 500
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
Beth Melluish 1177 Ltd Relations Adviser
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END
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