Chapmore Plc
LSE : CHAP

October 04, 2011 11:40 ET

Convertible Loan Note

Chapmore Plc
Convertible loan note

Chapmore  Plc  (the  "Company") is pleased to announce that it has issued Euros 250,000 of  Convertible  Unsecured 
Loan Notes.

The loan will be provided in two tranches, and the first tranche of Euros 120,000 will immediately convert into 29.9% 
of the enlarged share capital of the company, providing the investor a shareholding of 6,246,980 ordinary shares at a
price of  approximately  GBP 0.0168 per share. The second tranche, of Euros 130,000 will be drawn down within 9 months,
and carries  a  minimum conversion price of GBP 0.03. The balance of the principal of the loan which has not been
repaid or converted into Ordinary Shares by October 1st 2013 is repayable on that date.

The first tranche of the loan has now been advanced to the Company.

The  Company  now  has 20,892,910 ordinary shares of GBP 0.0025 in issue, and Gesons AS owns 29.9% of the  issued
share capital of the Company. Gesons AS is owned by Mr Kai Hallgren.

The funds will be used to provide working capital for the Company for the maintenance of the listing and administration
while we continue to actively seek new opportunities to enhance shareholder value.

The Directors of the Issuer accept responsibility for this announcement.


FOR FURTHER INFORMATION PLEASE CONTACT:

Tom Kristensen
Chapmore plc
Tel: +44 (0) 7734 266 119 

Nick Michaels
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: +44 (0) 20 7251 3762 

4 October 2011

Contact Information

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