CLN Conversion - Issue of Equity & TVR
Nativo Resources Plc has announced the conversion of £186,904.11 of convertible loan notes, including principal and accrued interest, into 36,647,864 new ordinary shares at a price of £0.0051 per share. This conversion reduces the outstanding principal amount of convertible loan notes to £1,260,000, with the remaining notes maturing on 3 November 2026. Following the issuance of these new shares, the company's total issued ordinary share capital will be 672,569,864, resulting in a total of 672,569,864 voting rights. The new shares are expected to be admitted to trading on AIM on 10 March 2026.
Select text to share a quote on X · sign in to keep highlights & notes in your NTVO notes
Nativo Resources plc (LON:NTVO), which is focused on near-term gold mining and processing projects in Peru, announces it has received a conversion notice in respect of a portion of the convertible loan notes ("CLN") held by YA II PN Ltd (the "CLN Holder") pursuant to the funding package announced on 3 November 2025. The details follow below:
| Principal amount of CLN prior to conversion: | £1,440,000 |
| Amount converted on 03/03/2026: | £180,000 |
| Accrued interest to be converted: | £6,904.11 |
| Total amount to be converted: | £186,904.11 |
| Ordinary shares to be issued to CLN Holder in respect of the portion of CLN converted: | 36,647,864 |
| Price at which CLN converted: | £0.0051 |
| Principal amount of CLN remaining: | £1,260,000 |
| Maturity: | 3 November 2026 |
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the 36,647,864 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 10 March 2026.
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 672,569,864 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 672,569,864. 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.
X (Twitter): https://x.com/nativoresources
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.