URU Metals Limited Existing Convertible Loan Note Amendment (3085E)
05 Novembre 2020 - 08:00AM
UK Regulatory
TIDMURU
RNS Number : 3085E
URU Metals Limited
05 November 2020
5 November 2020
URU Metals Limited
("URU" or "the Company")
Existing Convertible Loan Note Amendment
URU is pleased to announce that the Company has agreed to extend
the notice period relating to the Convertible Loan Note (the "Loan
Note"), as previously announced on 6 May 2020 and extended on 6
August 2020, for a further 90 days with effect from 4 November
2020. All other terms related to the Loan Note remain the same. The
key terms of the Loan Note are as follows:
(i) a voluntary conversion price triggered on the noteholder
serving a conversion notice (being GBP0.85 per share for a period
of 90 days from the date of the Loan Note; and following expiry of
the 90 day period, a 35 per cent. discount to the Volume Weighted
Average Price ("VWAP") per share in the 5 trading days prior to the
noteholder serving a conversion notice); Now amended to a further
270 days.
(ii) on a fund raising, a 35 per cent. discount to the price per
share paid by investors on the fund raising;
(iii) on a share sale (meaning a sale of Ordinary Shares giving
control of the Company, whether for cash and/or by way of exchange
for shares in another company and/or for other consideration, and
whether or not control of the Company changes as a result of such
transaction), a 35 per cent. discount to the price per share paid
on the share sale; or
(iv) if there is no conversion notice served, fund raising or
share sale prior to the maturity date, at a 35 per cent. discount
to the VWAP per share in the 5 trading days prior to the maturity
date.
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer)
+1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Charlie Bouverat
+ 44 (0) 203 470 0470
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUPGMGGUPUGBC
(END) Dow Jones Newswires
November 05, 2020 02:00 ET (07:00 GMT)
Grafico Azioni Uru Metals (LSE:URU)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Uru Metals (LSE:URU)
Storico
Da Mar 2023 a Mar 2024