Leader Energy Services Ltd.

Leader Energy Services Ltd.

December 07, 2010 06:00 ET

Leader Energy Services Announces Partial Conversion of Debentures

CALGARY, ALBERTA--(Marketwire - Dec. 7, 2010) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA) announced that it has received exercise notices for partial conversions of its outstanding senior unsecured convertible debentures in the face amount of $580,000, or 1,450,000 shares. When these partial conversions are completed, the Company will have 14,715,000 shares outstanding.

Leader issued $15,000,000 of debentures on February 28, 2007. The debentures bear interest at 10%, are convertible at $0.40 per share, and mature on March 31, 2012.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information