Final Conversion of Convertible Loan Facility
Open PDF
| Stock | Peninsula Energy Ltd (PEN.ASX) |
|---|---|
| Release Time | 25 Jun 2026, 2:28 p.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
Peninsula Energy Announces Final Loan Conversion
Key Points
- Final conversion of $4.21 million loan completed
- 21,084,101 shares issued to lender
- Outstanding debt to lender now nil
- New debt facility of $30 million under negotiation
Full Summary
Peninsula Energy Limited (ASX: PEN) has completed the final conversion of a $4.21 million Convertible Loan Facility with Adare Finance, issuing 21,084,101 ordinary shares to the lender. This conversion reduces the company's outstanding debt to the lender to nil. The conversion price was calculated using the AUD/USD exchange rate and an adjusted conversion price of A$0.2896 per share. Additionally, Peninsula has entered into a new $30 million senior secured convertible note debt facility with SP Financing 1 Pty Limited, subject to certain conditions being met by 31 July 2026.
Guidance
None
Outlook
None
Sign in to get more information about the company, including guidance changes and other insights.
Sign In