Mentum (AIM:MEN), the AIM listed investing company, announces that following the restoration of trading, the Conditions of the Loan Notes have now been satisfied. The whole of the £300,000 principal amount of the Convertible Loan Notes has now been automatically converted into new Ordinary Shares at a conversion price of £0.0013 per Ordinary Share, resulting in the issue of 230,769,231 new Ordinary Shares to the Subscribers, representing approximately 39.785 per cent. of the enlarged issued share capital of the Company.
Par for the course from the AIM cesspit unfortunately.
ROL Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held