Investors of lithium and gold explorer and developer Kodal Minerals, including Riverfort Global Opportunities and YA II PN, have sold all the ordinary shares of 0.03125p each in the company issued to them under the terms of an equity sharing agreement (ESA).
This has concluded the ESA and resulted in Kodal receiving total cash proceeds of £654 000, reflecting a positive result for the company compared with the £500 000 subscription agreement entered into at the start of the ESA.