10th Dec 2015 16:04
LONDON (Alliance News) - AIM-listed Ascent Resources PLC on Thursday said it will issue shares after receiving a notice to turn 900 convertible loan notes into equity.
The European oil and gas exploration and production company said it will issue 101,362 new shares at a price of 0.1 pence each due to the conversion notice.
The convertible loan notes were issued in May 2013.
Shares in Ascent Resources were up 2.9% at 0.900p on Thursday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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