Ceramic Fuel Cells Issues Shares After Loan Note Conversion (ALLISS)

LONDON (Alliance News) - Ceramic Fuel Cells Ltd Thursday said it has received a loan-note conversion notice from Bergen Global Opportunity Fund for USD200,000 of the secured convertible loan notes issued under a March 2014 agreement, meaning it will issue 65.6 million new shares at AUD0.004 each to the fund.

The share issuance means the fuel cell technology company will have 3.04 billion shares in issue.

Ceramic Fuel Cells shares were up 1.4% at 0.213 pence on Thursday.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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