December 16, 2016 / 4:10 PM / 8 months ago

BRIEF-Primeline Energy to issue 2.4 mln shares to GRF Prime Limited

Dec 16 (Reuters) - Primeline Energy Holdings Inc :

* Issue 2.48 million new ordinary shares of Primeline to GRF Prime Limited

* Shares are payment of a portion of interest accrued on $18 mln principal amount convertible bonds issued to GRF

* Upon completion of issue, GRF will own 10.585 mln shares, representing approximately 5.6 pct of company

* Shares will be issued at a deemed price of C$0.06 per share Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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