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Peninsula Energy Limited (ASX:PEN)
ALERT: Price-sensitive ASX Announcement for PEN
Current share price for PEN : $0.370 -0.353 (-48.79%)+
Announcement
Release
12 Feb 2026 1:48PM
Price at Release
$0.723
Full Release
Summary
Peninsula Energy Limited has announced the partial conversion of its Convertible Loan Facility with Adare Finance Designated Activity Company, converting US$4.25 million into shares, reducing the company's outstanding debt to US$8.3 million. The conversion was executed at a price of A$0.30 per share, based on the exchange rate on the announcement date. The loan facility was originally established in July 2025 to support the restart of the Lance Uranium Project. This partial conversion marks a positive step in reducing financial liabilities ahead of the facility’s maturity and aligns with the company's broader financial strategy.
Key Points
- Peninsula Energy Limited's partial conversion of Convertible Loan Facility.
- US$4.25 million converted into shares, reducing debt to US$8.3 million.
- Conversion price was A$0.30 per share.
- The loan facility was established in July 2025.
- Supports the restart of the Lance Uranium Project.
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.
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