NEWS OUTTurbo Power Systems Inc.: Issue of Equity
1/28/2010 2:00:09 AM - Market Wire
LONDON, UNITED KINGDOM, Jan 28, 2010 (Marketwire via COMTEX News Network) --
The Board of Turbo Power Systems ('TPS' or 'the Company') (TSX:TPS) (AIM:TPS), the innovative power generation and conditioning equipment supplier, announces that it has applied for 9,069,769 common shares of no par value ("Common Shares") to be admitted to AIM.
These shares, ranking pari passu in all respects with the existing shares in issue, are being issued as a result of the conversion of Convertible Notes having an aggregate principal amount of GBP 195,000 which were issued as part of the GBP 8,000,000 financing announced on March 14, 2005.
It is expected that admission and dealings will become effective at 8.00 a.m. on 4 February 2010.
SOURCE: Turbo Power Systems Inc.