Atlantic Petroleum enters DKK 360,000 convertible loan

Atlantic Petroleum has entered into a DKK 360,000 convertible loan, with the lender having the option to convert the principal and accrued interest into shares at a price of DKK 5.16 per share. The conversion can be exercised during a 20-day window linked to the release of annual or quarterly reports. New shares issued upon conversion will be placed without pre-emptive rights for existing shareholders.