Convertible Bond

RNS Number : 6995Z

Green Dragon Gas Ltd

25 September 2009

 



25 September 2009

GREEN DRAGON GAS LTD.

('Green Dragon' or 'the Company')

Convertible Bond 

Green Dragon Gas Ltd (AIM:GDG), the Chinese coal bed methane business, announced today that in accordance with the US$45 million Convertible Bond terms and conditions, the Company is required to pay the note in full on or before 7 December 2009. 

'The Company will announce its decision on a London or Hong Kong main board listing shortly. The Company continues to interview various institutions which would underwrite such a listing. This agreement to repay the bond will be timely to such a listing', stated Mr. Randeep S. Grewal, Chairman & CEO.

For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:

Stephen Hill / Betty Cheung Green Dragon Gas	[phone]
Dr Azhic Basirov / David Jones Nomad & Broker, Smith & Williamson	[phone]
Tim Redfern / Adam James Broker, Evolution Securities	[phone]
Tim Thompson / Christian Goodbody Investor Relations, Buchanan	[phone]

 

END

 

 

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