New Issue: Australian Power and Gas sells A$1.2 million more of convertible notes in A$3 million sale

By Devika Patel

Knoxville, Tenn., Sept. 17 - Australian Power and Gas Co. Ltd. said it completed a A$1.2 million tranche of a A$3 million private placement of convertible notes. The company raised A$1.8 million in the first tranche on Aug. 29.

The company sold 1,800 notes at A$1,000 apiece to Arthur Phillip Nominees Pty. Ltd. in the first tranche and 1,200 notes in the second tranche.

Australian Power is an energy provider based in Sydney, Australia.

Issuer:	Australian Power and Gas Co. Ltd.
Issue:	Convertible notes
Amount:	A$3 million
Notes:	3,000
Price:	Par of A$1,000
Warrants:	No
Investor:	Arthur Phillip Nominees Pty. Ltd. (for A$1.8 million)
Settlement date:	Aug. 29 (for A$1.8 million), Sept. 17 (for A$1.2 million)
Stock symbol:	Australia: APK
Stock price:	A$0.19 at close Aug. 29

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.