24th Apr 2020 15:53
(Alliance News) - i3 Energy PLC on Friday said it is in talks with its note holders to amend terms of a previous agreement.
Under the agreement, i3 Energy would have been required to secure funding by the end of April, through a reserve-based lending facility.
"As the company will not be in a position to enter into such a facility by April 30, the company is in discussions with all noteholders to waive this condition," i3 said.
Shares in the company were 3.8% higher at 5.45 pence in London on Friday afternoon.
By Eric Cunha; [email protected]
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