REG - Golden Rock Global - Issue of Debt

Golden Rock GlobalAnnouncement

05/12/2022 07:00

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RNS Number : 5187I  Golden Rock Global PLC  05 December 2022

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RNS Announcement

5 December 2022

Golden Rock Global PLC

Completion of Fundraising

Golden Rock Global PLC (LSE: GCG) ("GRG") is pleased to announce completion of
its recent fundraising by way of the issue of convertible loan notes ("Loan
Notes") to Wei Chen, a director, for aggregate gross proceeds of £100,000.

The Loan Notes are unsecured, pay a coupon of 12%, have a conversion price of
3.125p per share and maturity date of 1 December 2023 ("Maturity Date"). All
accrued interest will be settled in cash.

Conversion is conditional on re-admission of the Company's entire issued share
capital to the standard listing segment of the Official List maintained by the
Financial Conduct Authority ("FCA") and to trading on the Main Market of the
London Stock Exchange plc pursuant to the reverse takeover (as defined in rule
5.6.4 of the Listing Rules of the FCA) of BOLT GLOBAL. As announced on 18
October 2022, discussions with BOLT GLOBAL have taken longer than anticipated
although your Board still believes that these discussions are progressing well
and is confident that terms will be finalised and a prospectus published in Q1
2023.  Should the Loan Notes not be converted, the principal amount of the
Loan Notes plus all accrued interest will be repaid on the Maturity Date.

On behalf of the board of directors, I thank the shareholders for their
continued support.

 

Enquiries

Golden Rock Global PLC

Ross Andrews, Chairman

+44 (0) 1534 733 401

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