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 | ||
30.6 GBX | -.--% | -.--% | -.--% |
05-10 | Mustang Energy and Cykel AI agree terms to "compelling" combination | AN |
05-10 | Mustang Energy Strikes GBP19 Million Recommended All-share Offer for Cykel | MT |
1st Jan change | Capi. | |
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-.--% | 4.67M | |
+191.37% | 6.97B | |
+5.09% | 1.04B | |
+2.10% | 982M | |
+41.91% | 872M | |
+24.45% | 814M | |
+10.41% | 675M | |
+1.72% | 664M | |
-.--% | 600M | |
+3.61% | 503M |
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- Mustang Energy PLC announced that it expects to receive £0.2 million in funding