Convertible Note To Raise Up To £1.1 Million

LONDON, November 12th. (RNS) Golden Rock Global plc, ("GCG" or the "Company") a Jersey registered Special Purpose Acquisition Company admitted to the Equity Shares (Shell Companies) category of the Official List of the Financial Conduct Authority and to the main market of the London Stock Exchange plc is undertaking a fundraising of up to £1,100,000 in aggregate principal by the issue of convertible loan notes due 2028 (the "Convertible Notes") with a conversion price of £0.03 per ordinary share in the Company (the "Ordinary Shares").

The Convertible Notes shall bear interest from (and including) the date of their issue at the rate of 8% per annum, calculated by reference to the principal outstanding of the Convertible Notes until their maturity or date of repayment if earlier.

Noteholders will also receive one warrant for every two Ordinary Shares issued as a result of the conversion of the Convertible Notes (the "CLN Warrants"). Each CLN Warrant provides the holder with the right to subscribe for one Ordinary Share at a price of £0.03, exercisable for three years after issuance.

To date the Company has entered into agreements raising an aggregate of £855,000 of which funds have been received for £430,000.

GCG anticipates the closing of the CLN will take place on or around November 21st, once the balance of the funds has been received the Company and will update the market accordingly.