How it’s doing
In June 2020, Anglo African entered into an unsecured convertible loan facility with Riverfort Global Opportunities for an amount of up to £1.5mln.
The first drawdown of £160,000 was advanced in June, with further drawdowns of £100,000 per month up to the agreed amount.
Each Drawdown is interest-free but attracts a 7% drawdown fee to be added to the principal amount outstanding and convertible on the same terms.
All drawdowns and fees associated shall be convertible into ordinary shares, it said.
- Looking for reverse takeover
- Any reverse takeover transaction will transform business
- Potential new management appointments