Peninsula Energy Issues 19.9 Million Shares as Part of Partial Conversion of Convertible Loan Facility, Shares Fall Over 3%

MT Newswires Live

02/12

Peninsula Energy (ASX:PEN) said 19.9 million shares were issued to a nominee of Adare Finance, which is an affiliate of Davidson Kempner, as part of the partial conversion of a convertible loan facility, according to a Thursday Australian bourse filing.

Peninsula earlier received a partial conversion notice from Adare Finance to convert $4.25 million under the July 2025 convertible loan facility. After the partial conversion, its outstanding debt to the lender will be reduced to $8.3 million.

The facility is part of a broader funding package to support the restart of the Lance uranium project in Wyoming.

Its shares fell over 3% in recent trading on Thursday.

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