Tuesday, 13 January 2015
Ceramic Fuel Cells Limited Conversion of Loan Notes
RNS Number : 7226B
Ceramic Fuel Cells Limited
09 January 2015
Friday, 9 January 2015
Conversion of Loan Notes
Ceramic Fuel Cells Limited (AIM / ASX: CFU), a leading developer of generators that use fuel-cell technology to convert natural gas into electricity and heat for homes and other buildings, announces that it has received a loan note conversion notice from Bergen Global Opportunity Fund, LP, for US$50,000 of the secured convertible loan issued under the Agreement dated 24 March 2014.
As a result of this conversion notice the Company will issue 12,448,600 new fully paid ordinary shares of nil par value at the price of A$0.005 each (the "New Shares") to Bergen Opportunity Fund, LP.
Application has been made for the New Shares to be admitted to trading on AIM and it is expected that this will take place on or around 15(th) January 2015. Application will also be made to the ASX to have these shares admitted to quotation once they have been issued. These shares will rank pari pasu with the existing Ordinary Shares in issue.
Following , the Company's total issued share capital will consist of 2,886,963,311 Ordinary Shares. No Ordinary Shares are held in treasury and therefore the number of Ordinary Shares with voting rights will be 2,886,963,311. This figure should 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 in their interest in, the Company under the ASX/AIM's Substantial Shareholder Notices.