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00276 MONGOLIA ENERGY
RTNominal up0.560 +0.010 (+1.818%)
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13/05/2011 10:06

Mongolia Energy (00276) issues HK$2bn CNs to Chow Tai Fook

Mongolia Energy Corporation (00276) said it entered
into a subscription agreement with subscriber Chow Tai Fook Nominee Limited yesterday
after trading hours and Chow Tai Fook Nominee agreed to subscribe for 3% convertible notes
due 2014 in the principal amount of HK$2 billion, which proceeds will be used by Mongolia
Energy to redeem the 2008 note in full.
The initial conversion price is HK$2 apiece, representing a premium of about 18.34% to
the closing price of HK$1.69.
Assuming the conversion rights to the notes are exercised in full, a total of 1 billion
shares will be allotted and issued, representing about 13.15% of the enlarged issued share
capital of Mongolia Energy.
No application will be made for listing of, or permission to deal in, the notes. (HL)

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