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Coal|Energy|Power|PROJECT
Coal|Energy|Power|PROJECT
coal|energy|power|project

Ncondezi receives shareholder loan conversion notice

18th April 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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Aim-listed Ncondezi Energy has received a shareholder loan conversion notice for 764 165 shares from lenders to be converted at a conversion price of 10p a share.

Admission of these shares on Aim is expected to take place on April 26.

Following the admission of these shares, Ncondezi’s enlarged issued share capital will comprise just over 316.7-million shares with voting rights.

Ncondezi is developing its large-scale Ncondezi integrated coal mine and 1 800 MW power plant project, in Mozambique. The project is being developed in phases.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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