- Title:
Alba Terminates Bergen Investment Facility - Time:
07:00:07 - Date:
12 Oct 2020 - Category:
Miscellaneous - ID:
7065B
Alba Mineral Resources plc
("Alba" or the "Company")
Alba Terminates Bergen Investment Facility
Alba Mineral Resources plc (AIM: ALBA) announces that it has terminated the convertible securities issuance deed (the "Agreement") with a U.S.-based institutional investment fund managed by Bergen Asset Management, LLC (the "Investor"), first announced on 24 February 2020, which provided funding in the form of the issuance by Alba of unsecured zero coupon convertible securities (the "Convertible Securities").
As such, Alba will be issuing no further Convertible Securities under the Agreement and the Investor will be providing no further funding and receiving no further Alba shares under the terminated investment facility.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
| Alba Mineral Resources plc George Frangeskides, Executive Chairman |
+44 20 3907 4297
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| Cairn Financial Advisers LLP (Nomad) James Caithie / Liam Murray |
+44 20 7213 0880
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| ETX Capital Limited (Broker) Thomas Smith |
+44 20 7392 1494
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Alba's Project and Investment Portfolio
| Project (commodity) |
Location |
Ownership |
| Mining Projects |
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| Amitsoq (graphite) |
Greenland |
90% |
| Clogau (gold) |
Wales |
90% |
| Inglefield (copper, cobalt, gold) |
Greenland |
100% |
| Limerick (zinc-lead) |
Ireland |
100% |
| Melville Bay (iron ore) |
Greenland |
51% |
| TBS (ilmenite) |
Greenland |
100% |
| Oil & Gas Investments |
||
| Brockham (oil) |
England |
5% |
| Horse Hill (oil) |
England |
11.765% |
Alba Terminates Bergen Investment Facility07:00:0712 Oct 2020Miscellaneous7065B