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DGAP-News: ADM Energy PLC: Barracuda Field Collaboration Agreement
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ADM Energy PLC: Barracuda Field development update
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DGAP-News: ADM Energy PLC: Barracuda Field development update
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Issue of Equity
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that it has issued the following shares in respect of accrued interest on loans.
ADM has issued a total of 443,627 Ordinary Shares to a participant ( the Lender ) of the £200,000 loan facility announced on 27 April 2020 and the £200,000 loan facility announced on 25 August 2020 to settle the £15,000 interest accrued on the Lender s original loans. Pursuant to the terms of the loans, 208,333 ordinary shares have been issued at a price of 2.4 pence per share and 235,294 ordinary shares have been issued at a price 4.25 pence per share to settle the interest accrued on the April and August loans respectively. The Lender has £25,000 of principal loan outstanding on the first loan facility and £100,000 of principal loan outstanding on the second loan facility.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;