14th Feb 2019 13:13
LONDON (Alliance News) - Angus Energy PLC said Thursday it has agreed a variation to the terms of its GBP3 million loan facility with YA II PN Ltd and Riverfort Global Opportunities PCC Ltd.
The company may now repay the initial advance of GBP1.5 million at any time within 45 calendar days, rather than the original 30 days, from the date of the drawdown. In turn, Angus Energy has agreed to issue 1.2 million additional warrants at a 25% premium to the company's closing price last Monday, being 6.18 pence.
Shares in the oil and gas company were down 3.0% Thursday at 4.90 pence each.
Related Shares:
Angus Energy