Issue of Equity
Capital Metals Plc (AIM: CMET)
is a natural resources company focussed on the development of the Eastern Minerals Project in Sri Lanka, one of the highest grade mineral sands projects globally
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The Company announces the issue of 247,891 ordinary shares of 0.2 pence each ("the Shares") to settle the interest component of convertible bonds ("the Convertible Bonds") previously issued by its subsidiary, Capital Metals Limited. The Convertible Bonds were detailed in the Company's admission document published on 23 December 2020 ("Admission Document"). The conversion of interest on the Convertible Bonds to shares was applicable at the completion of the RTO on 13 January 2021 for a deemed value of US$27,888. Following the issue of the Shares, the settlement of the Convertible Bonds has now been completed.