Conversion of Loan

RNS Number : 9008O

Empyrean Energy PLC

17 October 2012

 



17 October 2012

Empyrean Energy PLC

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

Conversion of Loan

Further to the announcement of 3 April 2012 the Company announces that following receipt of conversion notices in relation £120,000 of the convertible loan currently drawn down (plus interest component), it has today issued 2,345,205 new Ordinary Shares at price of 6p. Application has been made for the new Ordinary Shares to be admitted to AIM on 23 October 2012.  The balance of the loan, amounting to £272,500 remains drawn down.

Following the issue of the shares, Empyrean's total issued and voting share capital will comprise of 216,282,073 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

Contact:

Empyrean Energy Plc

Tom Kelly                                                                    Tel: [phone]

Shore Capital & Corporate Limited

Anita Ghanekar                                                            Tel: [phone]

Edward Mansfield

 

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