Petroneft Resources PLC Conversion of Debt (7628L)
15 Septiembre 2021 - 12:59AM
UK Regulatory
TIDMPTR
RNS Number : 7628L
Petroneft Resources PLC
15 September 2021
September 15(th) 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
PetroNeft Resources plc
("PetroNeft" or the "Group" or the "Company")
Conversion of Debt
PetroNeft (AIM: PTR) an oil & gas exploration and production
company, operating in the Tomsk Oblast, Russian Federation, and 90%
owner and operator of Licence 67 and 50% owner and operator of
Licence 61, announces that it has received notice to convert a
total of $375,000 of debt, issued under a recent convertible loan
agreement, for the issuance of 13,686,131 new Ordinary shares.
The conversion of this debt to shares will result in the
outstanding debt secured under the Convertible debt financing
programs, held in 2019 and 2021, being reduced from $2.750 million
to $2.375 million and an increase in the total number of issued
shares in the Company from 1,056,711,227 to 1,070,397,358. The
conversion price of the shares being issued was at a premium to the
share price on the dates that the terms of the loan agreements were
agreed.
Application will be made to the London Stock Exchange and
Euronext Dublin for the 13,686,131 PetroNeft ordinary shares to be
admitted to trading on AIM and Euronext Growth. It is expected that
admission to trading on each exchange will become effective and
that dealings in the New Ordinary Shares will commence on AIM and
Euronext Growth at 8.00 a.m on 20(th) September 2021.
For further information, contact:
David Sturt, CEO, PetroNeft Resources plc +44 7903 869 608
John Frain / Ciara O'Mongain, Davy (NOMAD and Broker) +353 1 679 6363
-----------------
Joe Heron / Douglas Keatinge, Murray Consultants +353 1 498 0300
-----------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CONKZGMLDDMGMZM
(END) Dow Jones Newswires
September 15, 2021 01:59 ET (05:59 GMT)
Petroneft Resources (LSE:PTR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Petroneft Resources (LSE:PTR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024