Completion of £2.5 million CLN and Drawdown
Strategy and Treasury Policy
Hamak Strategy Ltd. (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in Africa with a Digital Asset Treasury Management strategy, is pleased to announce that further to the announcement dated 15 October 2025 all conditions precedent in respect a proposed convertible loan note (“CLN”) have been satisfied and drawdown of net funds has been instructed. However, at the Company’s option the gross amount of the CLN is revised to £2.5 million.
Furthermore, the Company has signed the At the Market (“ATM”) facility with its broker AlbR Capital which allows for a controlled mechanism to issue new shares in the future to raise capital to fund the progression of the Company’s ambitious gold and bitcoin treasury management growth plans and to repay the amortisation of the CLN. Use of the ATM will be entirely at the discretion of the Company.
Chairman Nick Thurlow commented:
“This funding package will provide Hamak with flexibility to pursue its stated dual strategy of investing in opportunities in the gold exploration and mining sector as well as strengthening its balance sheet through the balanced acquisition of Bitcoin and physical gold at opportune times in the market.
“Following on from our exciting gold acquisition announcement yesterday, we continue to assess several projects in the gold space which may lead to further expansion of our gold portfolio.”
Convertible Loan Note Facility
The £2.5 million Convertible Loan Note (“CLN”) is entered into with YA II PN, Ltd (“YA”), an institutional investor managed by Yorkville Advisors Global, LP (“Yorkville”). Yorkville is an investment manager providing flexible solutions to businesses worldwide. Since its inception, Yorkville has structured and executed transactions of approximately US$7.5 billion in value in over 750 transactions in 22 countries.
The key terms of the CLN are as follows;
– Principal amount: £2.5 million
– Net CLN drawdown proceeds of £2,325,000
– Interest at 4% per annum
– Loan maturity 12 months after drawdown
– Monthly amortisation of £250,000 plus accrued interest commencing after 60 days of drawdown
– Loan Conversion at the option of YA at any time of the outstanding loan and interest amount at a price of 2.4p per share (being a 129% premium to the closing price on 3 December 2025 and a 20% premium to the closing price at the time of the original CLN execution on 15 October 2025)
– No short-selling of any ordinary shares in Hamak held by Yorkville permitted
The key terms of the ATM are as follows;
– Total facility of up to £30 million
– Utilisation of the ATM entirely at the discretion of the Company which will set the floor price and daily volume at which shares can be sold
– Hamak to receive 97% of the ATM sales proceeds
– No obligation on the Company to use the facility
– The future issue of new shares will be compliant with FCA headroom rules for a Standard List Company as well as approved shareholder authorities
Strategic Focus and Treasury Policy
Hamak Strategy continues to focus on gold exploration and gold acquisition opportunities alongside a balanced treasury policy.
Hamak has recently acquired the exclusive rights to purchase a 275,000oz gold resource in Ghana that has the potential to be rapidly advanced towards a low-cost commercial mining operation. Hamak is also assessing further gold projects ranging from early stage, with excellent exploration potential, to more advanced stage gold projects which could lead to further deals in the gold space to strengthen our portfolio.
The Company has also refined its treasury policy to focus on the strengthening of its balance sheet through the acquisition of Bitcoin and physical gold. Investing in these two asset classes will offer treasury risk diversification to protect balance sheet value whilst pursuing value accretive gold exploration and development assets is intended to enhance share value in the medium to long term. The Company intends to pursue its core objectives of achieving asset growth for shareholders whilst remaining fully compliant at all times with FCA and listing rules.
For further information on Hamak you are invited to view the company’s website at https://hamakstrategy.com/ or please contact:
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Hamak Strategy Limited Nick Thurlow Karl Smithson |
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