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MetalNRG PLC - London-based natural resources and energy-focused investor - Raises £223,000 via issue of convertible loan notes carrying a 15% annual coupon and convertible upon the earlier of the company completing a reverse takeover or two years from today. Says the proceeds raised through the issue, alongside an additional unsecured short-term loan of £150,000, will be used to undertake specific due diligence work on projects identified as potential reverse takeover targets and for general corporate purposes. Current stock price: 0.050 pence, down 8.7% 12-month change: down 28% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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