Caspian Sunrise announced that it will shortly be posting to Shareholders a Circular regarding a proposed Debt Conversion in respect of the Company's Oraziman Family Loan of approximately US$6.2m. The Independent Directors have, subject to Independent Caspian Sunrise Shareholder approval and regulatory consent, agreed to convert the Oraziman Family loan of approximately US$6.2m into 139,729,446 Ordinary Shares in the Company, as per the company's announcement 6 August 2021.
15 Feb 2022
WH Ireland: Caspian Sunrise (CASP) - Proposed Debt Conversion
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WH Ireland: Caspian Sunrise (CASP) - Proposed Debt Conversion
Caspian Sunrise PLC (CASP:LON) | 3.0 0 0.0% | Mkt Cap: 67.5m
- Published:
15 Feb 2022 -
Author:
Brendan Long -
Pages:
4
Caspian Sunrise announced that it will shortly be posting to Shareholders a Circular regarding a proposed Debt Conversion in respect of the Company's Oraziman Family Loan of approximately US$6.2m. The Independent Directors have, subject to Independent Caspian Sunrise Shareholder approval and regulatory consent, agreed to convert the Oraziman Family loan of approximately US$6.2m into 139,729,446 Ordinary Shares in the Company, as per the company's announcement 6 August 2021.