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TALIUS GROUP LIMITED — Capital/Financing Update 2010
Mar 3, 2010
65893_rns_2010-03-03_e16bb075-ed3a-4af9-a533-bdeaf471a8ff.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
3[rd] March 2010
- Listed Convertible Notes (AVDG) increase in coupon rate
Advance Energy Limited (“Advance” or “The Company”) intends, subject to necessary approvals, to increase the annual interest rate on its listed notes from 9.5% to 11.5%, effective on or after 1 April 2010. This increased rate will be applicable both to current issued notes and any further notes issued pursuant to the prospectus.
FOR FURTHER INFORMATION CONTACT
Mr Anthony Short (Managing Director) or Mr David Ballantyne (Company Secretary) Telephone: 08 9486 1122 Facsimile: 08 9486 1011
ABOUT ADVANCE ENERGY LIMITED
Advance Energy Limited is focused on the acquisition and development of oil and gas producing assets in Texas USA. The company aims to acquire assets with a combination of debt and equity that have current production and cash flow and to enhance production and cash flow through the further development of these assets. Once a property has reached its full productive potential and/or has achieved economic payout to Advance Energy, the Company looks to on sell all or part of its interest. It is the aim of the Company to develop a portfolio of assets which will be developed and traded to maximise returns on funds invested.
ADVANCE ENERGY LIMITED Listed notes-proposed increase in coupon rates ASX CODE: AVD www.advanceenergyltd.com.au