METALNRG PLC

Share Issue/Capital Change • Feb 4, 2021

National Storage Mechanism | Additional information

RNS Number : 9373N

MetalNRG PLC

04 February 2021

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

4th February 2021

MetalNRG plc

("MetalNRG" or the "Company")

Exercise of Warrants, Conversion of Directors advances and Convertible loan notes, Issue of Equity and Directors' Shareholdings

MetalNRG (LON:MNRG), the natural resource investing and exploration company, announces today that, as a result of the exercise of warrants, the conversion of Directors' advances and the conversion of convertible loan notes ("CLNs"), 50,637,167 new MetalNRG ordinary Shares (the "New Shares") have been issued to investors including Directors and Officers of the Company.

Exercise of Warrants

38,999,999 warrants have been exercised at an exercise price of 0.6 pence per share and 38,999,999 New Shares have been issued.

Conversion of Directors' advances

£45,000 of Directors' advances have been converted into MetalNRG Ordinary Shares at a conversion price of 0.678 pence per share, being equal to the average closing volume weighted share price ("VWAP") over the 5 previous trading days ending 29th January 2021.  6,637,168 New Shares have been issued as a result of this conversion.

Conversion of CLNs

£30,000 of CLNs have been converted into MetalNRG Ordinary Shares at a conversion price of 0.6 pence per share. 5,000,000 New Shares have been issued as a result of this conversion.

Following the issue of the New Shares, the shareholdings of the Directors and Officers are  as follows:

Director	Ordinary Shares prior to the issue of New Shares	% of ISC	New  Shares issued	Ordinary Shares post the issue of New Shares	% of ISC
Christopher Latilla-Campbell	39,373,775	10.2	4,904,129	44,277,904	10.2
Rolf Gerritsen	14,150,000	3.7	6,091,446	20,241,446	4.6
Christian Schaffalitzky	7,933,333	2.1	4,166,666	12,099,999	2.8
Pierpaolo Rocco	8,288,555	2.2	3,141,593	11,430,148	2.6
Windell Callaghan (Officer)	1,000,000	0.3	1,000,000	2,000,000	0.5

Admission of New Shares to trading on the Main Market of the London Stock Exchange

Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 9th February 2021.

The New Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 435,379,932 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.  This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014:

1.

Details of PDMR / person closely associated

a)

Name

Christopher Latilla-Campbell

2.

Reason for the notification

a)

Position / status

Chairman

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

MetalNRG plc

b)

LEI

2138003C24H79U5QZH21

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares of nominal value 0.01 pence each

b)

Identification code of the Financial Instrument

ISIN for MetalNRG plc: GB00B15FS791

c)

Nature of the transaction

Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants, conversion of director's advance and conversion of convertible loan notes

d)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.006 £0.00678 £0.006	3,333,333 (warrant conversion) 737,463 (director's advance conversion) 833,333 (convertible loan notes conversion)

e)

Aggregated information

-     Aggregated volume

-     Price

4,904,129

£0.006 - £0.00678

f)

Date of the transaction

2 February 2021

g)

Place of the transaction

LONDON  

1.

Details of PDMR / person closely associated

a)

Name

Rolf Gerritsen

2.

Reason for the notification

a)

Position / status

Chief Executive Officer

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

MetalNRG plc

b)

LEI

2138003C24H79U5QZH21

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares of nominal value 0.01 pence each

b)

Identification code of the Financial Instrument

ISIN for MetalNRG plc: GB00B15FS791

c)

Nature of the transaction

Issue of Ordinary Shares in MetalNRG plc pursuant to the conversion of directors' advances and conversion of convertible loan notes

d)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00678 £0.006

4,424,779 (director's advance conversion)

1,666,667 (convertible loan notes conversion)

e)

Aggregated information

-     Aggregated volume

-     Price

6,091,446

£0.006 - £0.00678

f)

Date of the transaction

2 February 2021

g)

Place of the transaction

LONDON  

1.

Details of PDMR / person closely associated

a)

Name

Christian Schaffalitzky

2.

Reason for the notification

a)

Position / status

Director

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

MetalNRG plc

b)

LEI

2138003C24H79U5QZH21

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares of nominal value 0.01 pence each

b)

Identification code of the Financial Instrument

ISIN for MetalNRG plc: GB00B15FS791

c)

Nature of the transaction

Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants

d)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.006 £0.006	3,333,333 (warrant conversion) 833,333 (convertible loan notes conversion)

e)

Aggregated information

-     Aggregated volume

-     Price

4,166,666

£0.006

f)

Date of the transaction

2 February 2021

g)

Place of the transaction

LONDON  

1.

Details of PDMR / person closely associated

a)

Name

Pierpaolo Rocco

2.

Reason for the notification

a)

Position / status

Executive Director

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

MetalNRG plc

b)

LEI

2138003C24H79U5QZH21

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares of nominal value 0.01 pence each

b)

Identification code of the Financial Instrument

ISIN for MetalNRG plc: GB00B15FS791

c)

Nature of the transaction

Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants

d)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00678                 £0.006

1,474,928 (director's advance conversion)

1,666,667 (convertible loan notes conversion)

e)

Aggregated information

-     Aggregated volume

-     Price

3,141,595

£0.006 - £0.00678

f)

Date of the transaction

2 February 2021

g)

Place of the transaction

LONDON  

1.

Details of PDMR / person closely associated

a)

Name

Windell Callaghan

2.

Reason for the notification

a)

Position / status

Officer

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

MetalNRG plc

b)

LEI

2138003C24H79U5QZH21

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares of nominal value 0.01 pence each

b)

Identification code of the Financial Instrument

ISIN for MetalNRG plc: GB00B15FS791

c)

Nature of the transaction

Issue of Ordinary Shares in MetalNRG plc pursuant to the exercise of warrants

d)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.006

1,000,000 (warrants conversion

e)

Aggregated information

-     Aggregated volume

-     Price

1,000,000

£0.006

f)

Date of the transaction

2 February 2021

g)

Place of the transaction

LONDON  

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.

END

Contact details:

MetalNRG PLC Christopher Latilla-Campbell	+44 (0) 20 7796 9060
Corporate Adviser PETERHOUSE CAPITAL LIMITED Lucy Williams/Duncan Vasey	+44 (0) 20 7469 0930
Corporate Broker SI CAPITAL Nick Emerson	+44 (0) 1483 413500

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEFZGGZMFMGMZZ