Mustang Energy PLC announced that it has entered into an subscription agreement with three investors to issue unsecured convertible loan notes for gross proceeds of £200,000 on April 4, 2024. The notes bear no interest and subscription by the investors shall be conditional on (i) the approval of its shareholders of the proposed transaction; and (ii) the approval of its shareholders of the proposed transaction. The notes will mature on the May 31, 2024 and convert automatically on readmission at a conversion price of £0.06 per share.
Delayed
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5-day change | 1st Jan Change | ||
6.2 GBX | -79.74% |
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0.00% | -79.74% |
26/06 | Court sanctions scheme for Mustang's Cykel bid | AN |
10/05 | Mustang Energy and Cykel AI agree terms to "compelling" combination | AN |
1st Jan change | Capi. | |
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-79.74% | 4.67M | |
+124.29% | 6.94B | |
+98.02% | 1.25B | |
+2.95% | 990M | |
+23.30% | 806M | |
+2.11% | 666M | |
+3.23% | 604M | |
-.--% | 600M | |
+11.11% | 540M | |
-.--% | 500M |
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- Mustang Energy PLC announced that it expects to receive £0.2 million in funding