Extension of Convertible Loan Maturity Date
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URU announces that the repayment date for the convertible loan from Boothbay Absolute Return Strategies LP ("Boothbay") has been extended to 31 December 2024 ("Maturity Date").
Details regarding the convertible loan note were announced by the Company on 6 May 2020, and the maturity date for the note has been extended on a number of occasions since this date by agreement of the parties. As of today the total amount advanced by Boothbay Absolute Return Strategies LP to the Company was US$500,000.
In the event that Boothbay is issued with any new Ordinary Shares pursuant to a conversion of the loan note, it will be issued with one warrant attaching to each new Ordinary Share issued, with an exercise period of 18 months from the date of grant and exercisable at £0.85 per new Ordinary Share.
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