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Aterian PLC - minerals exploration and trading in Africa, including copper-silver projects in Morocco and Botswana and an exploration licence in Rwanda - Raises £250,000 from a subscription for 1.0 million new shares at 25 pence each by existing investors. The subscribers will receive warrants for 500,000 new shares at a strike price of 32.5 pence, exercisable over the next two years. Aterian also issues £100,000 in convertible bonds with the same exercise price of 32.5p on December 31, 2027. Until then, the bonds pay an annual interest rate of 12%. Aterian says the fresh funds will be used to expand its trading operations in Rwanda via subsidiary Eastinco Ltd, including an increase in throughput capacity and supplier aggregation. Current stock price: 24.20 pence, up 4.3% in London on Friday for £3.7 million market capitalisation 12-month change: down 54% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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