Linc Energy completes bond issue

Company News

Linc Energy Limited (ASX:LNC) has successfully completed a $200 million US dollar convertible bond issue.
The oil and gas exploration company says the move is in anticipation of the significant growth it expects over the next 2 to 3 years.
Linc plans to commercialize its underground coal gasification assets, drill its oil field in Alaska and expand its oil production in the US.
Managing Director Peter Bond says convertible bonds were seen as the best way to raise money, while minimising the impact to shareholders. 
Linc Energy reported a $41 million loss for the first half of fiscal 2013.

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