Nativo Resources plc has agreed a new £2.1 million unsecured loan agreement with institutional investor YA II PN Ltd, which is managed by Yorkville Advisors Global LP.
PERU
The new package replaces the November 2025 convertible loan note.
In addition to the loan, the funding includes an at-the-market (ATM) equity issuance facility with Nativo’s corporate broker, Axis Capital Markets Ltd, which is already in place.
Nativo will also issue to YA II a total of 443,105,263 warrants, exercisable at £0.004739, which is a premium of 39.4% to the mid-market closing price of the company’s shares on 19 May 2026.
The warrants are exercisable for three years and in return for cash.
Under the November CLN, the repayment instalments for February and April 2026 totalled £360,000, plus the issue of 17,991,103 warrants to the value of 25% of the instalment payment.
Nativo said that under the new facility, it made a final cash payment of £80,000 against the November CLN, drawing the balance to £1m, combined with an award of £20,000 in 3,997,601 warrants, with a subscription price of £0.005003.
Yorkville has also received 21,988,605 warrants, which vest immediately and expire on 3 November 2028, exercisable for one new ordinary Nativo share.
The number of Nativo warrants outstanding, including those issued to Yorkville Group, totals 559,384,488, representing 56% of the company’s current issued share capital.
Of the new funding, some £1m will pay the November CLN early, with no penalties.
Nativo will use the balance to evaluate the Tesoro 1 and Tesoro veins at the Tesoro gold concession in southern Peru, finalise the engineering design for La Patona gold ore processing plant in Acari, 45km from Tesoro, and for general and administrative costs.