Consent from Convertible Holders
November 06 2008 - 9:45AM
UK Regulatory
RNS Number : 6456H
Infinity Bio-Energy Ltd
06 November 2008
Infinity Bio-Energy Ltd.
("Infinity" or the "Company")
Infinity Bio-Energy LTD - consent from convertible bond holders to make full payment in kind
The Company announces that it has obtained the consent of the required majority of its convertible bond holders in relation to the
Company's 10% yield Convertible Notes due in 2011 to enable it to make all of the most recent regularly scheduled interest payment 100% in
kind instead of 50% in kind. This is part of the Company's continuing efforts, in light of the current challenging international financial
market conditions, to obtain new financing or refinancing for the Company.
The Company is in discussion with several providers of financing which it hopes to complete in the near future.
For further information, please contact:
Infinity Bio-Energy
Sergio Thompson-Flores, CEO +55 11 3525-9921
Rodrigo Aguiar, IRO +55 11 3525-9922
Collins Stewart Europe Limited
Adrian Hadden/Adam Cowen +44 (0) 20 7523 8350
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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