Sunda Energy plc has conditionally raised up to £6.7 million to buy production and exploration permits, onshore Taranaki Basin on the west coast of New Zealand’s North Island. TVRs The fundraise involved Alumni Capital’s firm subscription which raised £900,000 at 0.02975 pence per share Alumni Capital also provided a convertible loan note for £4,250,000, conditional […]
Tag: convertible loan notes (CLN)
First Class draws down £650,000 from CLN
First Class Metals plc has drawn down £650,000, under revised terms of its convertible loan note facility from January 2026. TVRs Of the sum, the company converted £250,000 into 16,447,368 new ordinary share at a price of 1.52 pence per share, equal to an approximate 18% discount to the mid-market closing price on 20 March 2026. […]
Karelian raises £290,000
Karelian Diamond Resources plc has raised £290,000 through the issue of unsecured convertible loan notes to existing and new investors. LICENCES The three-year loan notes have a conversion price of 1.5 pence per share, which is a 300% premium to the closing mid-market price of 0.375 pence for the company’s ordinary shares on 19 March […]
Prospex raises £2m from CLN
Prospex Energy plc has raised £2 million through its unsecured convertible loan notes, including £653,950 from an extended offering. GAS The overall figure is 25% greater than the initial target of £1.6m, due to strong demand. Net proceeds will support the company’s onshore gas projects, including expenditure in Italy and Spain. The company said its […]
First Class issues 5.3m new shares
First Class Metals plc has issued 5,311,355 new ordinary shares to convert a portion of the £1million loan note from January 2026. TVRs The portion of notes, converted on 10 March 2026, hold hold a value of £43,500. Following admission, the company’s issued hare capital will comprise 287,834,413 ordinary shares, each with equal voting rights. […]
First Class issues 2m new shares
First Class Metals plc has issued 2,189,690 new ordinary shares following the conversion of the remaining loan notes, valued at £17,500, dated November 2025. TVRs The company said that the overall CLN of £500,000 now had no payments outstanding. Following admission, First Class’ issued ordinary share capital will comprise 282,523,058 ordinary shares, each with equal […]