REG - Hamak Strategy Ltd. - Completion of £2.5 million CLN & Drawdown Strategy

Hamak StrategyAnnouncement

04/12/2025 07:00

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RNS Number : 1389K  Hamak Strategy Limited  04 December 2025

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4 December 2025

Hamak Strategy Limited

("Hamak" or the "Company")

 

Completion of £2.5 million CLN and Drawdown

Strategy and Treasury Policy

 

Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a company combining
traditional gold exploration in Africa with a Digital Asset Treasury
Management strategy, is pleased to announce that further to the announcement
dated 15 October 2025 all conditions precedent in respect a proposed
convertible loan note ("CLN") have been satisfied and drawdown of net funds
has been instructed. However, at the Company's option the gross amount of the
CLN is revised to £2.5 million.

 

Furthermore, the Company has signed the At the Market ("ATM") facility with
its broker AlbR Capital which allows for a controlled mechanism to issue new
shares in the future to raise capital to fund the progression of the Company's
ambitious gold and bitcoin treasury management growth plans and to repay the
amortisation of the CLN.  Use of the ATM will be entirely at the discretion
of the Company.

 

Chairman Nick Thurlow commented:

 

"This funding package will provide Hamak with flexibility to pursue its stated
dual strategy of investing in opportunities in the gold exploration and mining
sector as well as strengthening its balance sheet through the balanced
acquisition of Bitcoin and physical gold at opportune times in the market.

 

"Following on from our exciting gold acquisition announcement yesterday, we
continue to assess several projects in the gold space which may lead to
further expansion of our gold portfolio."

 

Convertible Loan Note Facility

 

The £2.5 million Convertible Loan Note ("CLN") is entered into with YA II PN,
Ltd ("YA"), an institutional investor managed by Yorkville Advisors Global, LP
("Yorkville").  Yorkville is an investment manager providing flexible
solutions to businesses worldwide. Since its inception, Yorkville has
structured and executed transactions of approximately US$7.5 billion in value
in over 750 transactions in 22 countries.

 

The key terms of the CLN are as follows;

 

-     Principal amount: £2.5 million

-     Net CLN drawdown proceeds of £2,325,000

-     Interest at 4% per annum

-     Loan maturity 12 months after drawdown

-     Monthly amortisation of £250,000 plus accrued interest commencing
after 60 days of drawdown

-     Loan Conversion at the option of YA at any time of the outstanding
loan and interest amount at a price of 2.4p per share (being a 129% premium to
the closing price on 3 December 2025 and a 20% premium to the closing price at
the time of the original CLN execution on 15 October 2025)

-     No short-selling of any ordinary shares in Hamak held by Yorkville
permitted

The key terms of the ATM are as follows;

 

-     Total facility of up to £30 million

-     Utilisation of the ATM entirely at the discretion of the Company
which will set the floor price and daily volume at which shares can be sold

-     Hamak to receive 97% of the ATM sales proceeds

-     No obligation on the Company to use the facility

-     The future issue of new shares will be compliant with FCA headroom
rules for a Standard List Company as well as approved shareholder authorities

Strategic Focus and Treasury Policy

 

Hamak Strategy continues to focus on gold exploration and gold acquisition
opportunities alongside a balanced treasury policy.

 

Hamak has recently acquired the exclusive rights to purchase a 275,000oz gold
resource in Ghana that has the potential to be rapidly advanced towards a
low-cost commercial mining operation. Hamak is also assessing further gold
projects ranging from early stage, with excellent exploration potential, to
more advanced stage gold projects which could lead to further deals in the
gold space to strengthen our portfolio.

 

The Company has also refined its treasury policy to focus on the strengthening
of its balance sheet through the acquisition of Bitcoin and physical gold.
Investing in these two asset classes will offer treasury risk diversification
to protect balance sheet value whilst pursuing value accretive gold
exploration and development assets is intended to enhance share value in the
medium to long term. The Company intends to pursue its core objectives of
achieving asset growth for shareholders whilst remaining fully compliant at
all times with FCA and listing rules.

 

For further information on Hamak you are invited to view the company's website
at https://hamakstrategy.com/ (https://hamakstrategy.com/) or please contact:

 

 Hamak Strategy Limited

 Nick Thurlow                             n.thurlow@hamakstrategy.com (mailto:n.thurlow@hamakstrategy.com)

 Karl Smithson                            k.smithson@hamakstrategy.com (mailto:k.smithson@hamakstrategy.com)
 AlbR Capital Limited (Corporate Broker)  +44 (0) 20 7469 0930

 Yellow Jersey PR

 Annabelle Wills                          +44 (0) 20 3004 9512

About Hamak Strategy Limited

 

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) is a UK listed company
focussed on gold exploration in Africa and with a strategy of pursuing an
appropriate and compliant BTC/ crypto treasury management policy.

Important Notice

The Company maintains some of its treasury reserves and surplus cash in
Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated
by The Financial Conduct Authority (FCA) and Bitcoin investments are generally
not subject to regulation by the FCA or otherwise in the United Kingdom.
Neither the Company nor investors in the Company's shares are protected by the
UK's Financial Ombudsman Service or the Financial Services Compensation
Scheme.

The FCA considers Bitcoin investments to be high-risk. The value of Bitcoin
can go up as well as down, leading to fluctuations in the value of the
Company's Bitcoin holdings, and the Company may not be able to realise its
Bitcoin holdings for the same amount it paid to acquire them, or even for the
value the Company currently attributes to its Bitcoin positions.

The Company's Board of Directors have identified the following risks in
relation to the holding of Bitcoin, which are not exhaustive:

•           The value of Bitcoin can be highly volatile, with its
value falling as quickly as it rises. Investors in Bitcoin must be prepared to
lose all money invested.

•           The Bitcoin market is largely unregulated. There is a
risk of losing money due to factors such as cyber-attacks, financial crime,
and counterparty failure.

•           The Company may not be able to sell its Bitcoin at
will. The ability to sell Bitcoin depends on various factors, including the
supply and demand in the market at the relevant time. Operational failings
such as technology outages, cyber-attacks, and comingling of funds could cause
unwanted delays.

•           Cryptoassets carry a perception of fraud, money
laundering, and financial crime.

An investment in the Company is not an investment in Bitcoin itself, but
prospective investors in the Company are encouraged to conduct their own
research before investing and should be aware that they will have indirect
exposure to the high-risk nature of cryptoassets, including their volatility,
and could therefore sustain large or total losses of their investment.

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