Issue of Equity - part conversion of loan facility | RNS | Ticker

Issue of Equity - part conversion of loan facility

RNS Announcement

RNS Number : 2347Q

MetalNRG PLC

24 February 2021

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

24 February 2021

MetalNRG plc

("MetalNRG" or the "Company")

Conversion of unsecured loan facility and Issue of Equity

MetalNRG (LON:MNRG), the natural resource investing and exploration company, announces that it has received a notice of conversion in respect of £53,500 of an unsecured loan facility (including accrued interest) and as a result 8,663,967 new MetalNRG Ordinary Shares (the "New Shares") have been issued.

Admission of New Shares to trading on the Main Market of the London Stock Exchange

Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 2 March 2021.

The New Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 494,317,455 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.

END

Contact details:

MetalNRG PLC Christopher Latilla-Campbell	+44 (0) 20 7796 9060
Corporate Adviser PETERHOUSE CAPITAL LIMITED Lucy Williams/Duncan Vasey	+44 (0) 20 7469 0930
Corporate Broker SI CAPITAL LIMITED Nick Emerson	+44 (0) 1483 413500

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END

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RNS metadata

Title: Issue of Equity - part conversion of loan facility
Time: 15:00:02
Date: 24 Feb 2021
Category: Capital structure
ID: 2347Q