Corcel (CRCL)

Sector:

Mining

Index:

FTSE AIM All-Share

0.37p
   
  • Change Today:
      0.025p
  • 52 Week High: 0.37
  • 52 Week Low: 0.10
  • Currency: UK Pounds
  • Shares Issued: 5,559m
  • Volume: 1,737,411
  • Market Cap: £20.29m
  • RiskGrade: 424
  • Beta: 0.00

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Corcel planning next drawdown from convertible loan facility

By Josh White

Date: Friday 23 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Corcel updated the market on its unsecured convertible loan note facility on Friday.
The AIM-traded firm said the facility, with a potential extension of £10m in funding, carried a 12% interest rate per annum and offered conversion into new ordinary shares over the three-year lifespan of the notes, at a fixed price of £0.008.

To date, £1m had been drawn down from the facility, with £0.25m of that amount subsequently converted into equity, as confirmed in an announcement on 2 January.

Corcel said it was currently in discussions with the lender, Extraction, regarding the quantum and timing of the next drawdown against the facility.

The company said it would provide updates regarding the discussions in due course, adding that it expected the proceeds from the drawdown to be used to support its ongoing activities in the Kwanza Basin, Angola.

Corcel noted that Extraction is 45% owned by Antoine Karam, the company's executive chairman.

At 1143 GMT, shares in Corcel were down 5.88% at 0.8p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Corcel Market Data

Currency UK Pounds
Share Price 0.37p
Change Today 0.025p
% Change 7.35 %
52 Week High 0.37
52 Week Low 0.10
Volume 1,737,411
Shares Issued 5,559m
Market Cap £20.29m
Beta 0.00
RiskGrade 424

Corcel Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.98% below the market average57.98% below the market average57.98% below the market average57.98% below the market average57.98% below the market average
77.95% below the sector average77.95% below the sector average77.95% below the sector average77.95% below the sector average77.95% below the sector average
Price Trend
86.79% above the market average86.79% above the market average86.79% above the market average86.79% above the market average86.79% above the market average
80.45% above the sector average80.45% above the sector average80.45% above the sector average80.45% above the sector average80.45% above the sector average
Income Not Available
Growth Not Available

Corcel Dividends

No dividends found

Trades for 05-Jun-2025

Time Volume / Share Price
09:00 5,405 @ 0.37p
09:00 27,027 @ 0.37p
09:00 48,571 @ 0.35p
09:00 380 @ 0.35p
09:00 139,757 @ 0.37p

Corcel Key Personnel

CEO Scott Gilbert

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