REG - Amigo Resources PLC - Strategic Loan Note Conversion

Amigo ResourcesAnnouncement

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RNS Number : 4268Z  Amigo Resources PLC  07 April 2026

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE
 
                                     7 April
2026

 

Amigo Resources PLC

("Amigo" or the "Company")

Strategic Loan Note Conversion to Catalyse Transformation

Amigo Resources PLC (LSE: AMGO) is pleased to announce a definitive turning
point in its strategic evolution into a digital-first mining powerhouse
focused on high-growth mining and mineral assets in Africa. The Board has
moved to immediately waive all remaining conditions for the full conversion of
the Company's remaining mandatory convertible loan notes first announced on 14
November 2025 ("Loan Notes").

 

The Clean Slate: Decisive Action for Growth

By accelerating the conversion of all remaining Loan Notes well ahead of the
original 31 January 2027 longstop date, the Board is providing an
unencumbered, high-velocity platform ready for rapid execution. This strategic
"clearing of the decks" establishes a debt-free balance sheet at the PLC
level, removing remaining contingent liabilities and ensuring the Company
possesses the maximum agility and financial velocity required to focus
exclusively on its existing operational milestones and the development of its
high-quality project pipeline in Tanzania and Mauritania.

 

Conversion Details and Issue of Equity

Pursuant to the terms of the Loan Notes, the Company shall convert the
remaining Loan Notes, representing the final 125,000,000 new ordinary shares
of 0.25p each ("Ordinary Shares"), at the agreed conversion price of 0.3p per
share.

 

Craig Ransley, Executive Chair of Amigo Resources PLC, commented:

"The full conversion marks a definitive turning point and the start of a
progressive new chapter for Amigo. By simplifying our capital structure and
removing all legacy distractions, we have positioned the Company to fully
capitalize on the significant mineral opportunities we see in Africa. We are
now launch-ready, merging Africa's mineral potential with a digital-first
operating model. This streamlined structure gives us the agility to focus 100%
on execution, operational excellence, and the delivery of superior value for
our shareholders."

 

Admission and Total Voting Rights

Application will be made for the 125,000,000 new Ordinary Shares to be
admitted to the Equity Shares (Commercial Companies) Category of the Official
List and to trading on the main market of the London Stock Exchange
("Admission"). It is expected that Admission will become effective and that
dealings will commence at 8:00 am on or around 14 April 2026.

 

The new Ordinary Shares will rank pari passu in all respects with the existing
ordinary shares of the Company.

 

Following Admission, the Company's enlarged issued share capital will comprise
1,190,088,160 Ordinary Shares. This figure may be used by shareholders 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, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Contacts:

 Amigo Holdings PLC         investors@amigo.me
 Craig Ransley              Executive Chair
 Nick Beal                  Chief Executive

 Sponsor                    Beaumont Cornish

                            0207 628 3396

 

About Amigo Resources PLC

Amigo is a public limited company registered in England and Wales with
registered number 10024479. Amigo is focussed on gold and rare earth mining
opportunities in Africa, principally in Tanzania and Mauritania. The Amigo
Shares are listed on the Official List of the London Stock Exchange

 

Additional Information

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation, or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell, or otherwise dispose of, any securities, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise.

 

-ENDS-

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