REG - Europa Metals Ltd - Convertible loan note issuance

Europa MetalsAnnouncement

26/11/2024 07:00

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RNS Number : 5753N  Europa Metals Ltd  26 November 2024

26 November 2024

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

 

Convertible loan note issuance

Europa Metals is pleased to announce that it has raised a total of £115,000
via the issue of a convertible loan note to sophisticated investors. The funds
will be utilised for general working capital purposes and to continue due
diligence on the proposed RTO of Viridian Metals.

The convertible loan notes are unsecured, have a face value of £1 each, are
convertible into Ordinary Shares in the Company at the lower of either 2.4p or
at a 20% discount to an RTO price, and carry an annual coupon of 8%, accrued
and payable in shares in the Company.

 

For further information on the Company, please visit www.europametals.com or
contact:

 

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 8 9486 4036

E: dsmith@europametals.com

Myles Campion, Executive Chairman and acting CEO (UK)

E: mcampion@europametals.com

 

Beaumont Cornish (Nominated Adviser/Broker)

James Biddle/Roland Cornish

T: +44 (0) 20 7628 3396

 

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Danielle Christodoulou

T: +27 63 482 3802

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to
the European Union (Withdrawal) Act 2018, as amended.

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

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