1st Mar 2016 11:15
LONDON (Alliance News) - Global Energy Development PLC on Tuesday said the loan it has provided to Everest Hill Energy Group Ltd has been amended.
Under the amended agreement, Global Energy has loaned an additional USD2.0 million to Everest and the maturity of the overall lending facility has been extended to September 15.
Global Energy is a co-lender on the facility alongside HKN Inc.
Global Energy shares were down 5.7% to 29.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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