(“BWA” or the “Company”)
Issue of Convertible Loan Notes
BWA is pleased to announce that it has now issued an initial tranche of £220,000 nominal of Loan Notes. Of these Loan Notes, £150,000 have been issued for cash and £70,000 have been issued to
Interest on the Loan Notes will be paid at an annual rate of 4% in cash, with the remaining 10% being rolled up and convertible, along with the principal amount of the Loan Notes, into a maximum of 36,000,000 ordinary shares of 0.5p each in the Company at a price of 0.5p per share.
The cash proceeds from the issue of the Loan Notes will provide working capital for BWA and allow the Company to make further investments in the Mineralfields project.
The Directors of BWA are responsible for the contents of this announcement.
For further information please contact:
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a