Vela Technologies #VELA – Investment in Hamak Gold Limited July 17, 2024 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, announces that it has entered into an unsecured convertible loan note instrument (“the Agreement”) with Hamak Gold Limited (“Hamak”), the Liberia-based gold exploration and development company (LSE:HAMA). As part of the Agreement, Vela has agreed to issue 2,424,242,424 new ordinary shares of 0.01 pence each (“the Consideration Shares”) to Hamak at a deemed issue price of 0.012375 pence…