Convertible Loan Exercised At Kemgas.HAMILTON, Bermuda--(BUSINESS WIRE)--March 1, 1999--KEMGAS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: KMGCF; VSE See DOS/VSE. VSE - Virtual Storage Extended : KMG KMG Kerr-McGee KMG Koi Mil Gaya (Hindi movie) KMG Kunming, China - Kunming (Airport Code) KMG Kent Messenger Group (UK) ; LONDON REUTERS: KEMGAS) Kemgas announced last Friday that Epsom Investment Services N.V. (Epsom) that has been providing financial support to Kemgas, has exercised its right to convert part of the Convertible Loan into equity under the Credit Facility Agreement announced on 24 September 1998. This allows Kemgas to reduce its debt by US$1,400,000 and will result in the issue of 2,978,723 common shares with a 12 months trading restriction. The balance of this loan is repayable by February 2001. This conversion is subject to approval by the VSE. Kemgas has developed and is commercialising proprietary, environmentally-friendly technology for the industrial gas and specialty chemical industries. For more information, contact Ian McNeil, Chief Financial Officer; Kemgas Ltd., BP 31, 13 chemin du Levant Levant (ləvănt`) [Ital.,=east], collective name for the countries of the eastern shore of the Mediterranean from Egypt to, and including, Turkey. , 01211 Ferney Voltaire, France. Phone (from U.S.) 011-33-450-428 095. Fax (from U.S.) 011-33-450-405 961. |
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