Issue of Equity

RNS Number : 9373N

MetalNRG PLC

04 February 2021

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

4^th February 2021

MetalNRG plc

("MetalNRG" or the "Company")

Exercise of Warrants, Conversion of Directors advances and Convertible loan notes, Issue of Equity and Directors' Shareholdings

MetalNRG (LON:MNRG), the natural resource investing and exploration company, announces today that, as a result of the exercise of warrants, the conversion of Directors' advances and the conversion of convertible loan notes ("CLNs"), 50,637,167 new MetalNRG ordinary Shares (the "New Shares") have been issued to investors including Directors and Officers of the Company.

Exercise of Warrants

38,999,999 warrants have been exercised at an exercise price of 0.6 pence per share and 38,999,999 New Shares have been issued.

Conversion of Directors' advances

£45,000 of Directors' advances have been converted into MetalNRG Ordinary Shares at a conversion price of 0.678 pence per share, being equal to the average closing volume weighted share price ("VWAP") over the 5 previous trading days ending 29^th January 2021.  6,637,168 New Shares have been issued as a result of this conversion.

Conversion of CLNs

£30,000 of CLNs have been converted into MetalNRG Ordinary Shares at a conversion price of 0.6 pence per share. 5,000,000 New Shares have been issued as a result of this conversion.

Following the issue of the New Shares, the shareholdings of the Directors and Officers are  as follows:

Director	Ordinary Shares prior to the issue of New Shares	% of ISC	New  Shares issued	Ordinary Shares post the issue of New Shares	% of ISC
Christopher Latilla-Campbell	39,373,775	10.2	4,904,129	44,277,904	10.2
Rolf Gerritsen	14,150,000	3.7	6,091,446	20,241,446	4.6
Christian Schaffalitzky	7,933,333	2.1	4,166,666	12,099,999	2.8
Pierpaolo Rocco	8,288,555	2.2	3,141,593	11,430,148	2.6
Windell Callaghan (Officer)	1,000,000	0.3	1,000,000	2,000,000	0.5

Admission of New Shares to trading on the Main Market of the London Stock Exchange

Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 9^th February 2021.

The New Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 435,379,932 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.  This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:

1.	Details of PDMR / person closely associated
a)	Name	Christopher Latilla-Campbell
2.	Reason for the notification
a)	Position / status	Chairman
b)	Initial notification /amendment	Initial notification
3.	Details of the issuer
a)	Name	MetalNRG plc
b)	LEI	2138003C24H79U5QZH21
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of nominal value 0.01 pence each
b)	Identification code of the Financial Instrument	ISIN for MetalNRG plc: GB00B15FS791
c)	Nature of the transaction	Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants, conversion of director's advance and conversion of convertible loan notes
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.006 £0.00678 £0.006 3,333,333 (warrant conversion) 737,463 (director's advance conversion) 833,333 (convertible loan notes conversion)
e)	Aggregated information -  Aggregated volume -  Price	4,904,129  0.006 - £0.00678
f)	Date of the transaction	2 February 2021
g)	Place of the transaction	LONDON

1.	Details of PDMR / person closely associated
a)	Name	Rolf Gerritsen
2.	Reason for the notification
a)	Position / status	Chief Executive Officer
b)	Initial notification /amendment	Initial notification
3.	Details of the issuer
a)	Name	MetalNRG plc
b)	LEI	2138003C24H79U5QZH21
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of nominal value 0.01 pence each
b)	Identification code of the Financial Instrument	ISIN for MetalNRG plc: GB00B15FS791
c)	Nature of the transaction	Issue of Ordinary Shares in MetalNRG plc pursuant to the conversion of directors' advances and conversion of convertible loan notes
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.00678 £0.006 4,424,779 (director's advance conversion) 1,666,667 (convertible loan notes conversion)
e)	Aggregated information -  Aggregated volume -  Price	6,091,446 £0.006 - £0.00678
f)	Date of the transaction	2 February 2021
g)	Place of the transaction	LONDON

1.	Details of PDMR / person closely associated
a)	Name	Christian Schaffalitzky
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification /amendment	Initial notification
3.	Details of the issuer
a)	Name	MetalNRG plc
b)	LEI	2138003C24H79U5QZH21
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of nominal value 0.01 pence each
b)	Identification code of the Financial Instrument	ISIN for MetalNRG plc: GB00B15FS791
c)	Nature of the transaction	Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.006 £0.006  3,333,333 (warrant conversion) 833,333 (convertible loan notes conversion)
e)	Aggregated information -  Aggregated volume -  Price	4,166,666  0.006
f)	Date of the transaction	2 February 2021
g)	Place of the transaction	LONDON

1.	Details of PDMR / person closely associated
a)	Name	Pierpaolo Rocco
2.	Reason for the notification
a)	Position / status	Executive Director
b)	Initial notification /amendment	Initial notification
3.	Details of the issuer
a)	Name	MetalNRG plc
b)	LEI	2138003C24H79U5QZH21
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of nominal value 0.01 pence each
b)	Identification code of the Financial Instrument	ISIN for MetalNRG plc: GB00B15FS791
c)	Nature of the transaction	Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.00678  £0.006 1,474,928 (director's advance conversion) 1,666,667 (convertible loan notes conversion)
e)	Aggregated information -  Aggregated volume -  Price	3,141,595 £0.006 - £0.00678
f)	Date of the transaction	2 February 2021
g)	Place of the transaction	LONDON

1.	Details of PDMR / person closely associated
a)	Name	Windell Callaghan
2.	Reason for the notification
a)	Position / status	Officer
b)	Initial notification /amendment	Initial notification
3.	Details of the issuer
a)	Name	MetalNRG plc
b)	LEI	2138003C24H79U5QZH21
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of nominal value 0.01 pence each
b)	Identification code of the Financial Instrument	ISIN for MetalNRG plc: GB00B15FS791
c)	Nature of the transaction	Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants
d)	Price(s) and volume(s)	Price(s) Volume(s) £0.006 1,000,000 (warrants conversion
e)	Aggregated information -  Aggregated volume -  Price	1,000,000 £0.006
f)	Date of the transaction	2 February 2021
g)	Place of the transaction	LONDON

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.

END

Contact details:

MetalNRG PLC Christopher Latilla-Campbell	[phone]
Corporate Adviser PETERHOUSE CAPITAL LIMITED Lucy Williams/Duncan Vasey	[phone]
Corporate Broker SI CAPITAL Nick Emerson	[phone]

 

END

 

 

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