Issue of Equity for CLN Conversion & TVR
Nativo Resources Plc announced the conversion of £100,000 of convertible loan notes into 21,276,595 ordinary shares at a price of £0.0047 per share, reducing its outstanding debt to £505,250. This conversion, part of a prior debt restructuring, will result in the issuance of new shares admitted to trading on AIM on or around November 19, 2025. Following this issuance, the company's total voting rights will stand at 535,737,213 ordinary shares.
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Nativo Resources plc (LON:NTVO), a gold-focused mining company with interests in Peru, announces it has received a conversion notice in respect of a portion of the convertible loan notes ("CLN") held by Spartan Fund Limited (SAC) (the "CLN Holder") pursuant to the debt restructuring announced on 21 January 2025. The details follow below:
| Principal amount of CLN prior to conversion: | £605,250 |
| Amount converted on 12/11/2025: | £100,000 |
| Ordinary shares to be issued to CLN Holder in respect of the portion of CLN converted: | 21,276,595 |
| Price at which CLN converted: | £0.0047 |
| Principal amount of CLN remaining: | £505,250 |
| Maturity: | January 2028 |
| Coupon: | 5% payable in cash, quarterly in arrears |
| Conversion terms: | CLN Holder may convert all or part of the principal at any time into Ordinary Shares at a 20% premium over the average share price of the 5 trading days prior to the date of conversion |
Stephen Birrell, Chief Executive Office of Nativo, commented:
"We thank the fund for their confidence shown in Nativo's projects in Peru through their decision to convert into equity. This also further reduces Nativo's debt and interest payments."
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the 21,276,595 new Ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will take place at 8.00 a.m. on or around on 19 November 2025.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the above new Ordinary shares, its issued Ordinary share capital will comprise 535,737,213 Ordinary Shares. All the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company will therefore be 535,737,213. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or a change to their interest in, the Company.
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