Kodal Minerals PLC (LON:KOD) announced the final loan conversion under a US$1.5mln unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd.
The investors will convert US$200,000 (£144,160) into 168.5mln shares at a price of 0.08556 pence per share.
Kodal will use some of the proceeds from the convertible loan agreement, announced last July, to fund the continued development of its flagship Bougouni lithium project in Mali.