CONVERSION OF BONDS
Pursuant to the Bond Subscription Agreement approved by shareholders in general meeting on 21 December 2007 and again on 8 June 2009, we advise that Central Petroleum Limited has today issued 3,750,000 ordinary fully paid shares at an issue price of $0.08 per share to Asia Convertible Bond Opportunities, LLC (“ACBO”), being consideration for the conversion of 300 convertible bonds for a total value of $300,000.
As the shares the subject of the conversions are actively traded by ACBO, the Company does not anticipate that ACBO will issue a substantial shareholder notice. The shares issued represent approximately 0.7% of the Company’s revised issued capital.
Total
568,056,341 Ordinary fully paid shares.
sufficient money, plenty of resources, and ..., page-14
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