Business
Completion of £2.5 million CLN & Drawdown Strategy
Hamak Strategy Limited has completed a £2.5 million Convertible Loan Note (CLN) facility, drawing down net funds of £2,325,000, with interest at 4% per annum and a 12-month maturity, featuring monthly amortisation of £250,000 plus interest, and conversion at 2.4p per share at the lender's option. Additionally, the company has secured an At the Market (ATM) facility of up to £30 million, allowing for controlled share issuance to fund its gold exploration and digital asset treasury management strategies, including the acquisition of a 275,000oz gold resource in Ghana and Bitcoin. Disclaimer*
About this update from Hamak Strategy Limited
[{"type":"text","content":"\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n4 December 2025\nHamak Strategy Limited\n\n(\"Hamak\" or the \"Company\")\n \nCompletion of £2.5 million CLN and Drawdown\nStrategy and Treasury Policy\n \nHamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy, is pleased to announce that further to the announcement dated 15 October 2025 all conditions precedent in respect a proposed convertible loan note (\"CLN\") have been satisfied and drawdown of net funds has been instructed. However, at the Company's option the gross amount of the CLN is revised to £2.5 million.\n \nFurthermore, the Company has signed the At the Market (\"ATM\") facility with its broker AlbR Capital which allows for a controlled mechanism to issue new shares in the future to raise capital to fund the progression of the Company's ambitious gold and bitcoin treasury management growth plans and to repay the amortisation of the CLN. Use of the ATM will be entirely at the discretion of the Company. \n \nChairman Nick Thurlow commented:\n \n\"This funding package will provide Hamak with flexibility to pursue its stated dual strategy of investing in opportunities in the gold exploration and mining sector as well as strengthening its balance sheet through the balanced acquisition of Bitcoin and physical gold at opportune times in the market. \n \n\"Following on from our exciting gold acquisition announcement yesterday, we continue to assess several projects in the gold space which may lead to further expansion of our gold portfolio.\"\n \nConvertible Loan Note Facility\n \nThe £2.5 million Convertible Loan Note (\"CLN\") is entered into with YA II PN, Ltd (\"YA\"), an institutional investor managed by Yorkville Advisors Global, LP (\"Yorkville\"). Yorkville is an investment manager providing flexible solutions to businesses worldwide. Since its inception, Yorkville has structured and executed transactions of approximately...