(Alliance News) - Angus Energy PLC on Tuesday said it received a notice from lenders Riverfort Global Opportunities PCC Ltd and YA II PN Ltd to convert GBP100,000 of a loan into shares.
Angus said it has allotted 17.3 million shares to the lenders, reducing the loan balance to GBP800,000. Angus now has 571.9 million shares in issue.
Shares in the company closed 24% higher at 0.78 pence each in London on Tuesday.
By Eric Cunha; ericcunha@alliancenews.com
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Angus Energy (ANGS)