Beowulf Mining Issues Unsecured Convertible Loan, Warrants

08:32 AM EST, 12/22/2025 (MT Newswires) -- Beowulf Mining (BEM.L) secured 500,000 pounds sterling through the issue of unsecured convertible loan notes to Alumni Capital to fund short-term working capital needs. The convertible loan notes carry a 10% annual interest, with maturity in 12 months from the date of issue, according to a Monday release. The mineral exploration and development company also entered a warrant agreement with Alumni Capital, granting it the right to subscribe for 4,329,004 ordinary shares at an exercise price of 0.1155 pound apiece. Separately, the company appointed Marex Financial as its corporate adviser, with immediate effect.