Business
Clarification Announcement Issue Convertible Loan
Clarification Announcement Issue Convertible Loan.
About this update from Aterian Plc
[{"type":"text","content":"\n \nRNS Number : 2621P Equatorial Mining & Exploration PLC 16 February 2016 \n\n16 February 2016\n \nEquatorial Mining and Exploration Plc\n(\"EME\" or the \"Company\") \nClarification Announcement on:\nIssue of Convertible Loan \nand Warrants to Subscribe for Ordinary Shares\n \nThe announcement released by EME earlier today erroneously stated that the Company has raised £325,000. The Company would like to clarify that the announcement disclosed is as follows: \n \nEquatorial Mining & Exploration Plc announces that it has raised £360,000 before expenses through the issue of an 8 per cent. Unsecured Irredeemable 0.1 pence Convertible Loan Notes (the\" Convertible Loan\") to a group of existing investors.\n \nThe Company has also issued to the same investors, 360,000,000 warrants to subscribe for new ordinary shares at 0.01 pence per share. The Company now has a total of 1,500,000,000 warrants in issue.\n \nThe proceeds will be used to cover certain initial costs needed to advance our move to the Standard List this year and to develop EME's mining and exploration interests in Nigeria.\n \n \nEnquiries:\n \n\n\n\n\nCorporate Adviser\nAlexander David Securities Limited \nDavid Scott - Head of Corporate Finance \n \n\n\n+44 (0) 20 7448 9820\nhttp://www.ad-securities.com\n \n\n\n\n\n \nThe Directors of the Company take responsibility for this announcement.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END FURBIGDDLDBBGLL\n ","length":3058,"tagName":"div"}]