Advantage shareholders approve notes issue

The offer, which closes on June 28, is now unconditional. It is designed to raise cash for future expansion, Advantage said.

The notes will carry a minimum 10 percent interest rate .

On the first anniversary of the notes, in April 2006, holders can select to convert notes to ordinary shares at a five percent discount, or accept a rollover for a further three years.

Advantage shares closed today up a cent at 51 cents against a year high of 53 cents and a low of 33 cents.

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