Business
£2.1M Replacement Funding Package & Warrants Issue
Nativo Resources Plc has secured a £2.1 million replacement funding package with YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global, LP, replacing a previous convertible loan note. Approximately £1 million of the new loan will be used to repay the existing note early, with the remainder allocated to working capital for evaluating the Tesoro 1 and Tesoro veins, finalising engineering designs for the La Patona Gold Ore Processing Plant, and general administrative costs. The company will also issue 443,105,263 warrants exercisable at £0.004739, a 39.4% premium to the previous day's closing price, and has issued a total of 21,988,605 warrants to the Yorkville Group as part of the transaction. Disclaimer*
About this update from Nativo Resources Plc
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 20 May 2026 Nativo Resources Plc ("Nativo" or the "Company") £2.1 Million Replacement Funding Package & Issue of warrants Nativo Resources plc (LON:NTVO), the Peru-focused gold mining company, announces it has agreed a new funding package with YA II PN Ltd (the "Lender"), an institutional investor managed by Yorkville Advisors Global, LP (the "Yorkville Group"). The new package replaces the previous convertible loan note announced on 3 November 2025 (the "November CLN"). The funding package comprises an unsecured loan agreement of £2.1 million provided by the Lender ("Loan Agreement") and an At-The-Market ("ATM") equity issuance facility with the Company's corporate broker, Axis Capital Markets ("Axis"), which is already in place as announced on 2 April 2026. Use of Proceeds The funding package has been conducted within the Company's existing share capital authorities. Approximately £1 million of the proceeds from the Loan Agreement will be used to pay off the November CLN early with no penalties. The balance will provide working capital to evaluate the Tesoro 1 and Tesoro veins within the Tesoro Gold Concession, finalise the engineering design for La Patona Gold Ore Processing Plant, and for general and administrative costs. Loan Agreement The principal amount of the Loan Agreement is £2.1 million, which will be advanced net of fees. The Company will repay the outstanding principal of the Loan Agreement in £210,000 equal monthly instalments (each a "Payment Date"), starting on the 60-day anniversary of closing, in cash by paying the instalment amount plus accrued and unpaid interest. The Company shall, at its own option, repay each instalment amount in cash on or before the Payment Date. The interest rate is 5% (or 18% upon the occurrence of an event of default). For so long as any payment under the Loan Agreement remains outstanding, the first £220,000 of proceeds drawn from the ATM in each calendar month shall be applied to reduce the outstanding balance unless waived by the Lender...
View stock analysis, news, and events for Nativo Resources Plc