Nyota Minerals Ltd says that clients of Peterhouse have subscribed for £550,000 of shares at 0.005p each.
The new investors will receive a warrant for every four shares acquired and this is exercisable at 0.01p a share for up to 12 months.
Bigdish Ventures will convert its £200,000 loan plus interest into shares when there is a reverse takeover and at the same price at which shares are issued for the reverse takeover.
However, the appointment of a new nominated adviser is required for these plans to be completed.
Jonathan Sless acquired a 3.99% stake in Nyota before trading in the shares was suspended.
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