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IN BRIEF: Empyrean Energy rise after loan note conversion

ALN

Empyrean Energy PLC - oil & gas explorer and producer with assets in China, Indonesia and US - Receives conversion notice on 18.8 million shares at 8 pence per share, for £1.5 million, as part of convertible loan note agreement signed in late December. Still owes £1.5 million on convertible note, which matures on December 16, 2022, and was originally signed with a Melbourne-based lender for £4.0 million.

Now has 664.8 million shares issued overall.

Current stock price: 11.65 pence, up 5.9%

12-month change: more than doubled from 4.55p

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