Completion of £2.5 million CLN & Drawdown Strategy
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
4 December 2025
Hamak Strategy Limited
("Hamak" or the "Company")
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:
|
Hamak Strategy Limited Nick Thurlow Karl Smithson |
|
|
AlbR Capital Limited (Corporate Broker) Yellow Jersey PR Annabelle Wills |
+44 (0) 20 7469 0930
+44 (0) 20 3004 9512 |
About Hamak Strategy Limited
Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing an appropriate and compliant BTC/ crypto treasury management policy.
Important Notice
The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulation by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.
The FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company's Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.
The Company's Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:
• The value of Bitcoin can be highly volatile, with its value falling as quickly as it rises. Investors in Bitcoin must be prepared to lose all money invested.
• The Bitcoin market is largely unregulated. There is a risk of losing money due to factors such as cyber-attacks, financial crime, and counterparty failure.
• The Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks, and comingling of funds could cause unwanted delays.
• Cryptoassets carry a perception of fraud, money laundering, and financial crime.
An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.
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