Ceramic Fuel Cells Limited Conversion of Loan Notes (6940C)

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RNS Number : 6940C

Ceramic Fuel Cells Limited

21 January 2015

Wednesday, 21 January 2015

Conversion of Loan Notes

Ceramic Fuel Cells Limited (AIM / ASX: CFU), a leading developer of generators that use fuel-cell technology to convert natural gas into electricity and heat for homes and other buildings, announces that it has received a loan note conversion notice from Bergen Global Opportunity Fund, LP, for US$50,000 of the secured convertible loan notes issued under the Agreement dated 24 March 2014.

As a result of this conversion notice the Company will issue 12,394,600 new fully paid ordinary shares of nil par value at the price of A$0.005 each (the "New Shares") to Bergen Global Opportunity Fund, LP.

Application has been made for the New Shares to be admitted to trading on AIM and it is expected that this will take place on or around 27(th) January 2015. Application will also be made to the ASX to have these shares admitted to quotation once they have been issued. These shares will rank pari passu with the existing Ordinary Shares in issue.

Following Admission, the Company's total issued share capital will consist of 2,924,958,511 Ordinary Shares. No Ordinary Shares are held in treasury and therefore the number of Ordinary Shares with voting rights will be 2,924,958,511. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the ASX/AIM's Substantial Shareholder Notices.

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For more information please contact: 
  Ceramic Fuel Cells Limited 
    Bob Kennett (UK)   Tel.    : [phone] 
                        Email   661 
     Clifford Ashby     Tel.    : [e-mail] 
     (Australia)        Email   : [phone] 
                                2300 
                                : [e-mail] 
  Arden Partners Plc (AIM Nomad) 
    Steve Douglas      Tel.    : [phone] 
     Michael McNeilly           8900 
 
 

About Ceramic Fuel Cells Limited

Ceramic Fuel Cells Limited is a world leader in developing fuel cell technology to generate highly efficient and low-emission electricity from widely available natural gas. Ceramic Fuel Cells Limited has sold its BlueGEN gas-to-electricity generator to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, France, Italy, Poland, Japan, South Korea, Australia, and the USA. Ceramic Fuel Cells Limited is also developing fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom and EWE in Germany. The company is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).

www.cfcl.com.au

This information is provided by RNS

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