Mirach Energy plans S$16.9 million of 3% three-year convertibles

By Jennifer Chiou

New York, April 25 - The board of directors of Mirach Energy Ltd. announced that the Singapore Exchange has approved in principle the listing of 140,833,333 new ordinary shares in connection with the company's proposed offering of S$16.9 million of 3% senior convertible bonds due 2014.

The Singapore energy and exploration company noted in a news release that it intends to issue the securities this month. The convertibles were initially announced in March.

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