Extension of Convertible Loan Facility

RNS Number : 8740U

Empyrean Energy PLC

03 January 2012

 

Empyrean Energy PLC

("Empyrean", "EME" or the "Company"; Ticker (EME))

Extension of Convertible Loan Facility

3 January 2012

Further to the announcement of 1 December 2011 Empyrean announces that it has extended the remaining £454,000 of convertible loan notes issued under a facility with Apnea Holdings Pty Ltd ("Apnea") originally announced on 22 October 2010. The Company has agreed to extend these remaining convertible loan notes, which had not been converted to equity by their original maturity date of 31 December 2011, for a further 12 months on the same terms.

These remaining convertible loan notes will now mature on 31 December 2012.

For further information, please contact:

Contact:

Empyrean Energy Plc

Tom Kelly                                                                    Tel: [phone]

Shore Capital & Corporate Limited

Anita Ghanekar                                                            Tel: [phone]

Edward Mansfield

 

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