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Inqo Investments Ltd - Raising of US$ 1 million in shareholder funding

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Inqo Investments Limited · INQO

20/03/2023 07:00

Inqo Investments Ltd - Raising of US$ 1 million in shareholder funding
RNS Number : 4185T
Inqo Investments Limited
20 March 2023

Inqo Investments Limited


Inqo announces the raising of US$ 1 million in shareholder funding


Inqo Investments Limited (INQO) the ASQE Exchange listed social impact investment company is pleased to announce that it has raised gross proceeds of US$1 million through the signing of a Convertible Loan Note (CLN) with a new investor in the shares of Inqo.


In terms of the signed CLN the investor will have the option to convert the zero coupon note at any time at a 5% discount to the previous day's closing share price from 1 March 2023 to 28 February 2024 and at a 10% discount to the previous day's closing share price from 1 March 2024 to 28 February 2025. When converted the shares will rank pari-passu with the Company's existing Ordinary Shares.


The net proceeds of the CLN will be used for working capital and to execute a range of new investment opportunities that Inqo have identified for potential investment in businesses in sub-Saharan Africa which have a positive impact on the environment and the poor. This includes the current Conservation and Rural Enterprise (CARE) project in the Budongo Forest, Uganda where a luxury tented lodge is being built plus a number of joint-venture enterprises that are being initiated.   




Inqo Investments Limited

Tel: +27 (0)83 625 4069

Chris Bertie, Chief Financial Officer and Chief Operating Officer


Hobart Capital Markets LLP

AQSE Corporate Adviser and Broker

Tel: +44 (0)20 7070 5665

Dr Wang Chong




About Inqo Investments Limited

"INQO" ( is a South African based social impact company listed on the London Aquis Stock Exchange.  It makes strategic acquisitions and investments in businesses designed to tackle poverty and provide employment, products and services to the poor in Low Income Countries (LICs).


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