June 16 (Reuters) - Primeline Energy Holdings Inc PEH.V :
* Primeline Energy issues 825,563 shares to GRF
* Primeline Energy Holdings Inc - shares are payment of a portion of interest accrued on US$18 million principal amount convertible bonds issued to GRF
* Primeline Energy Holdings Inc - shares will be issued at a deemed price of CAD$0.18 per share, yesterday's closing TSX-V price
* Primeline Energy Holdings - interest is payable on the convertible bonds quarterly at 7% per annum, of which 4.5% is payable in cash and 2.5% in shares Source text for Eikon: ID:nCCN8KYtga Further company coverage: PEH.V