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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData

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Shelton Petroleum AB Announces Conversion of Convertible 1

Monday, 7 Oct 2013 02:30am EDT 

Shelton Petroleum AB announced that on August 22, 2013 the Company resolved to issue two convertible debentures amounting to approximately SEK 215 million to Petrogrand AB. The debentures were subscribed and paid for in September and conversion has now been requested of Convertible 1. Convertible 1 amount to SEK 30 million and in relation to the conversion 1,500,000 new B-shares will be issued. Following the conversion the total number of shares will amount to 12,140,588, of which 170,580 are A-shares and 11,970,008 are B-shares, and the total number of votes will amount to 13,675,808. Convertible 2, which amounts to approximately SEK 185 million, is conditional on upon certain events that could create significant value for the shareholders of Shelton Petroleum. 

Company Quote

1.95 +19.70%
19 Dec 2014