4th May 2016 16:57
LONDON (Alliance News) - Ascent Resources PLC on Wednesday said it has received a notice of exercise to convert 211,200 convertible loan notes.
The loan notes, including rolled up interest, are convertible into new shares of 0.2 pence each at a rate of 100 new shares per loan note.
Consequently, 23.8 million shares will be issued.
Shares in Ascent closed up 2.4% at 1.56 pence on Wednesday.
By Hannah Boland; [email protected]; @Hannaheboland
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