|
Angus Energy PLC - UK-focused onshore oil and gas developer - Says work in documenting its proposed £20 million loan facility and offtake agreements with Trafigura is progressing well. Expects to conclude with satisfaction of conditions and drawdown within four weeks. Says it also has been granted an extension to an existing £6 million subordinated debt facility, or bridge loan, which is due to mature on Friday. This is in order to allow time for completing documentation and drawdown under the proposed facility with Trafigura. As a result, Aleph Finance Ltd has agreed to an extension of the bridge loan for one month until February 19 for a fee of 1%, which is proportionate to the fee paid for the previous extension of the loan in October last year. Current stock price: 0.49 pence, up 3.6% 12-month change: down 69% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
