TomCo Energy receives conversion notice from loan subscriber

TomCo Energy PLC (AIM:TOM, OTC:TMCGF) said it has received notice from a convertible loan subscriber to convert the remaining £25,000 principal amount of the loan and associated interest of £1,250 (5%), into new ordinary shares of no-par value. Following this final conversion, there is no amount outstanding under the convertible loan facility. The conversion price has been determined to be 0.061999 pence per new ordinary share and will result in 42,339,393 new ordinary shares being issued to the loan subscriber.