REG - Beowulf Mining PLC - Conversion of Loan Notes

Beowulf MiningAnnouncement

22/01/2026 07:00

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RNS Number : 8654P  Beowulf Mining PLC  22 January 2026

 

 

 

22 January 2026

 

 

Beowulf Mining plc

 

("Beowulf" or the "Company")

 

Conversion of Loan Notes

 

Further to the Company's announcement on 22 December 2025, Beowulf (AIM: BEM;
Spotlight: BEO), the European mineral exploration and development company,
announces that it has received notice from the Investor to convert £50,000 of
the outstanding balance of unsecured convertible loan notes into ordinary
shares of 5 pence each in the Company ("Ordinary Shares").

 

Accordingly, the Company will issue 790,263 new Ordinary Shares to the
Investor in accordance with the investment terms.

 

Admission and Total Voting Rights

 

Applications have been made for the new Ordinary Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to become effective on 27
January 2026.

 

Upon Admission, the Company's issued ordinary share capital will consist of
60,843,260 Ordinary Shares, none of which are held in treasury. The above
figure of 60,843,260 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 under the FCA's Disclosure and Transparency
Rules.

 

Capitalised terms in this announcement have the meaning ascribed to them in
the announcement released by the Company on 22 December 2025.

 

 

Enquiries:

 

Beowulf Mining plc

Ed Bowie, Chief Executive Officer
 ed.bowie@beowulfmining.com

 

SP Angel

(Nominated Adviser & Joint Broker)

Ewan Leggat / Stuart Gledhill / Adam Cowl          Tel: +44 (0) 20
3470 0470

 

Alternative Resource Capital

(Joint Broker)

Alex Wood
               Tel: +44 (0) 20 4530 9160

 

BlytheRay

Tim Blythe / Megan Ray
  Tel: +44 (0) 20 7138 3204

 
                           beowulf@blytheray.com

 

 

Cautionary Statement

 

Statements and assumptions made in this document with respect to the Company's
current plans, estimates, strategies and beliefs, and other statements that
are not historical facts, are forward-looking statements about the future
performance of Beowulf. Forward-looking statements include, but are not
limited to, those using words such as "may", "might", "seeks", "expects",
"anticipates", "estimates", "believes", "projects", "plans", strategy",
"forecast" and similar expressions. These statements reflect management's
expectations and assumptions in light of currently available information. They
are subject to a number of risks and uncertainties, including, but not limited
to , (i) changes in the economic, regulatory and political environments in the
countries where Beowulf operates; (ii) changes relating to the geological
information available in respect of the various projects undertaken; (iii)
Beowulf's continued ability to secure enough financing to carry on its
operations as a going concern; (iv) the success of its potential joint
ventures and alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results could differ
materially from those presented and forecast in this document. Beowulf assumes
no unconditional obligation to immediately update any such statements and/or
forecast.

 

 

 

 

 

 

 

 

 

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