viewPeninsula Energy Ltd

Peninsula Energy in trading halt with capital raising news pending

The halt will remain until Friday, November 27, or when an announcement is made to the market.

Peninsula Energy Ltd - Peninsula Energy in trading halt ahead of capital raising news
The debt restructure provides the company with a more sustainable debt profile

Peninsula Energy Ltd (ASX:PEN) has been granted a trading halt by the ASX ahead of a capital raising announcement.

The halt will remain in place until the beginning of normal trade on Friday, November 29, 2019, or when an announcement is made to the market, whichever occurs earliest.

PEN's shares last traded at 21 cents, up from 17.5 cents on October 30.

Debt restructure agreements

The company has this week executed binding amended agreements with its lenders to restructure existing US$17 million convertible note facilities.

This restructure will result in a significant reduction in the outstanding principal owed through partial monetisation of a uranium concentrate sale and purchase agreement.

Additionally, the repayment date will be extended out to April 22, 2021.

Quick facts: Peninsula Energy Ltd

Price: 0.064 AUD

Market: ASX
Market Cap: $56.46 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Peninsula Energy Ltd named herein, including the promotion by the Company of Peninsula Energy Ltd in any Content on the Site, the Company...



Peninsula Energy begins capital raise looking to bring in just over 40...

Peninsula Energy (ASX: PEN) Managing Director Wayne Heili joined Steve Darling from Proactive Vancouver to share news the company has started a capital raise that looks to bring in just over 40 million dollars. Heili talks about how shareholders are getting the first crack at this financing...

on 9/6/20

2 min read