Armadale, the AIM quoted investment company focused on natural - TopicsExpress

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, announces that it has entered into an agreement with Bergen Global Opportunity Fund, LP (‘Bergen’), an institutional investment fund, to secure flexible funding of up to US$2.73 million to support the development of its Mpokoto Gold Project, located in the Katanga Province of the Democratic Republic of Congo. Under the terms of the agreement the Company will issue to Bergen a zero coupon convertible security with a nominal value of US$480,000 and up to a further US$2.25 million in convertible securities

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