Cap Energy Ltd

July 03, 2009 08:07 ET

Investor Update



                                              CAP ENERGY LIMITED
                                                (the "Company")
                                                Investor Update

Further  to  the Company's announcement on 29 June 2009, the Directors of the Company announce that  they  have
today  posted a circular to shareholders containing information about a proposed fundraising of up to  £564,346
through  the  issue  of  Convertible Unsecured 8% Loan Notes. The Loan Notes  are  being  offered  to  existing
shareholders on the basis of £1.00 nominal of Loan Notes for every 15.5 Ordinary Shares held on 29 June 2009.

$100,000  of the proceeds of the Loan Note issue will be used to satisfy the outstanding consideration  due  to
the  vendors  of CSV Holdings, Inc. and the balance will provide additional working capital for the development
of the Company's Stark's Dome and Iberia Dome projects.

Trading  in  the  ordinary shares of the Company on the PLUS-quoted market are expected  to  remain  suspended,
pending completion of this fund raising and publication of the Company's audited accounts for the year ended 31
December 2008.

The Directors of the Issuer accept responsibility for this announcement.

Cap Energy Limited
John Killer
Tel: 07979 903673

St Helen's Capital Plc
Duncan Vasey/Mark Anwyl
Tel: 020 7628 5582

Contact Information

  • Cap Energy Ltd