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VOLT GROUP LIMITED — Capital/Financing Update 2011
Mar 21, 2011
66016_rns_2011-03-21_a28b2de7-79dd-440e-a6b8-c91b923a17ad.pdf
Capital/Financing Update
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22[nd] March 2011
The Company Announcements Platform ASX Ltd Sydney NSW 2000
ENERJI COMPLETES SECOND DRAW DOWN FROM FUNDING FACILITY
Enerji Limited ( ASX:ERJ ) (“ Enerji ” or the “ Company ”) has today drawn down $250,000 from it’s $25 million redeemable zero coupon convertible bond facility pursuant to the Bond Subscription Agreement approved by shareholders on 17 December 2010, being part of tranche number 2. This tranche consists of 25 convertible bonds issued at a price of $10,000 each.
The funds received from this drawdown will be applied to further progress the company’s works program.
Please see below for a summary of bonds and shares issued to date:
| Drawdown | Bonds Issued | Bonds Issued | Bonds Converted |
Shares Issued | % of Issued Capital |
|---|---|---|---|---|---|
| # | $ | # | # | ||
| 1 | 100 | 1,000,000 | 25 | 11,870,845 | 1.85% |
| 2 | 25 | 250,000 |
About Enerji
Enerji (ASX: ERJ) is an emerging green power utility specialising in the provision of 3[rd] Generation Opcon Powerbox waste heat conversion technology.
Enerji has the exclusive Australian sales and distribution rights to the proven Powerbox technology, which converts waste heat into green electricity, as well as options for Malaysia, Thailand, Singapore and Sub-Saharan Africa.
The Powerbox represents a significant commercial opportunity in Australia through application to industrial, mining and power generation operations.
Enerji plans to maximise this opportunity and generate shareholder returns through revenue from long term energy off-take agreements.
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Suite A5, 431–435 Roberts Road, Subiaco WA 6008 Telephone: +618 9287 4000 Facsimile: +618 6380 2495