29th Mar 2022 18:24
Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Signs news unsecured loan facility of up to GBP10 million provided by Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Initial advance of GBP5 million is to be paid, with any further advances to be agreed between all parties.
Fixed interest coupon will be calculated as 7.5% of value of each advance of the loan facility.
Proceeds from the facility will go towards funding further growth and development activities in key markets.
Current stock price: 1.03 pence, down 6.4%
12-month change: down 46%
By Dayo Laniyan; [email protected]
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