25th Apr 2016 15:30
LONDON (Alliance News) - Ascent Resources PLC on Monday said it has received a notice of exercise to convert 342,140 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, 38.5 million shares will be issued.
Shares in Ascent were trading down 1.6% at 1.82 pence on Monday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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