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Peninsula Energy Limited (ASX:PEN)

ALERT: Price-sensitive ASX Announcement for PEN
Current share price for PEN : $0.280 -0.1 (-26.32%)+
Announcement
Release
25 Jun 2026 2:28PM
Price at Release
$0.380
Full Release
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Summary
On 25 June 2026, Peninsula Energy Limited announced the final conversion of its Convertible Loan Facility with Adare Finance, an affiliate of Davidson Kempner. This conversion involved US$4,212,500 being converted into 21,084,101 ordinary shares, which has reduced the company's outstanding debt to Adare Finance to nil. The shares were issued at a conversion price of A$0.2896, adjusted due to an equity raise in May 2026. Additionally, Peninsula has entered into a US$30 million senior secured convertible note debt facility with SP Financing 1 Pty Limited, with the drawdown contingent on certain conditions being satisfied by 31 July 2026.
Key Points
  • Peninsula Energy Limited completed the final conversion of the Convertible Loan Facility.
  • Adare Finance converted US$4,212,500 into 21,084,101 ordinary shares.
  • The conversion reduces Peninsula's outstanding debt to Adare Finance to nil.
  • Shares were issued at a conversion price of A$0.2896 per share.
  • Conversion terms were adjusted due to an equity raise announced on 14 May 2026.
  • Peninsula entered into a US$30 million debt facility with SP Financing 1 Pty Limited.
  • The drawdown of the new facility is subject to conditions to be fulfilled by 31 July 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.