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Bullboard - Stock Discussion Forum Turbo Power Systems Inc T.TPS

TSX:TPS - Post Discussion

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Post by gurcey on Dec 24, 2009 9:48am

News!

Turbo Power Systems Inc.: Issue of Equity
Turbo Power Systems Inc TPS
12/24/2009 2:00:04 AM
LONDON, UNITED KINGDOM, Dec 24, 2009 (Marketwire via COMTEX News Network) --

TheBoard of Turbo Power Systems ('TPS' or 'the Company') (TSX:TPS)(AIM:TPS), the innovative power generation and conditioning equipmentsupplier, announces that it has applied for 21,162,792 common shares ofno par value ("Common Shares") to be admitted to AIM.

Theseshares, ranking pari passu in all respects with the existing shares inissue, are being issued as a result of the conversion of ConvertibleNotes having an aggregate principal amount of Pounds Sterling 455,000which were issued as part of the Pounds Sterling 8,000,000 financingannounced on March 14, 2005.

It is expected that admission and dealings will become effective at 8.00 a.m. on 4 January 2010.

SOURCE: Turbo Power Systems Inc.

Turbo Power Systems Inc.  
Richard Bayliss
+44 (0)20 8564 4460
Kreab Gavin Anderson (PR)
Ken Cronin
+44 (0)20 7074 1800
Kreab Gavin Anderson (PR)
Michael Turner
+44 (0)20 7074 1800
KBC Peel Hunt Ltd (Nominated Adviser and Broker)
Daniel Harris
+44 (0)20 7418 8900
KBC Peel Hunt Ltd (Nominated Adviser and Broker)
Nicholas Marren
+44 (0)20 7418 8900
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