REG - Technology Minerals - Drawdown of Convertible Bond Facility

Technology MineralsAnnouncement

23/01/2024 07:00

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RNS Number : 5286A  Technology Minerals PLC  23 January 2024

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

23 January 2024

 

Technology Minerals Plc

 ("Technology Minerals" or the "Company")

 

Drawdown of Convertible Bond Facility and Grant of Warrants

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on
creating a sustainable circular economy for battery metals, announces that
further to its announcement on 8 January 2024, that it had approved a £5
million Convertible Bond Facility with CLG Capital LLC, it has completed the
drawdown of the first £1.0 million and in accordance with the terms of the
facility, the Company issued CLG Capital LLC with the following warrants:

 

 No. Warrants  Exercise Price  Issue Date       Expiry Date
 8,115,162     £0.018484       5 January 2024   5 January 2027
 10,011,333    £0.014983       18 January 2024  18 January 2027

 

 

Enquiries

 

 Technology Minerals Plc
 Robin Brundle, Executive Chairman             +44 (0)20 4582 3500

 Alexander Stanbury, Chief Executive Officer

 Oberon Investments Limited
 Nick Lovering, Adam Pollock                   +44 (0)20 3179 0535

 Gracechurch Group
 Harry Chathli, Alexis Gore, Rebecca Scott     +44 (0)20 4582 3500

 

 

Technology Minerals Plc

Technology Minerals is developing the UK's first listed, sustainable circular
economy for battery metals, using cutting-edge technology to recycle, recover,
and re-use battery technologies for a renewable energy future. Technology
Minerals is focused on raw material exploration required for Li-ion batteries,
whilst solving the ecological issue of spent Li-ion batteries, by recycling
them for re-use by battery manufacturers. Further information on Technology
Minerals is available at  www.technologyminerals.co.uk
(http://www.technologyminerals.co.uk) .

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