Petroneft Resources - Conversion of Debt

PetroNeft an oil& gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to provide a financing update.. Lenders have the right to convert 75% of the outstanding loan to shares at a conversion price of stg £0.02 in year 1 and stg £0.025...