12th Feb 2015 09:16
LONDON (Alliance News) - Northcote Energy Ltd shares were trading lower on Thursday morning after the company said it has issued shares to Darwin Strategic Ltd following receipt of a conversion notice at the end of January.
Northcote has issued 75.2 million shares to Darwin at 0.133 pence per share. The price was set under the terms of the convertible loan note deal between the two, and the shares have been issued to satisfy the GBP100,000 loan amount.
Northcote shares were down 21% to 0.003 pence on Thursday, one of the worst performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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