Business
Loan Conversion and TVR
Loan Conversion and TVR.
About this update from Corcel Plc
[{"type":"text","content":"\n\n\n \nCorcel PLC\n(\"Corcel\" or the \"Company\")\nLoan Conversion and TVR\n19 September 23\nCorcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas company, with interests across oil and gas and battery metals, announces that it has received notice of the conversion of £100,000 of outstanding loan notes from its lenders, YA II PN Ltd and Riverfort Global Opportunities PCC Limited, into 25,000,000 new ordinary shares of the Company at a price of £0.004. \nAdmission to Trading on AIM and Total Voting Rights\n \nApplication is being made for 25,000,000 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 22 September 2023.\n \nIn accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Shares, its issued ordinary share capital will comprise 1,499,528,988 ordinary shares.\n \nAll of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 1,499,528,988. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.\nFor further information, please contact:\nAntoine Karam Corcel Plc Executive Chairman\[email protected] &...