Conversion

The Board of Directors of Petrogrand and Shelton Petroleum have not been able to solve the dispute regarding the conditions that have to be fulfilled for the conversion of Convertible 2. Petrogrand has today issued a press release stating their continued intent to convert and to let a court of …

Max Petroleum announces that, further to the update on the final conversion of convertible bonds announced on 30 August 2013, it is pleased to confirm that it has duly allotted 357,571,134 ordinary shares of 0.01 pence each in the Company (“Shares”) to holders of the Company’s outstanding 10% notes, comprising US$28.6 …