23rd Mar 2015 10:12
LONDON (Alliance News) - Jubilant Energy NV Monday said it has signed a USD1.5 million loan with with majority shareholder Jubilant Energy (Holding) BV.
Jubilant said it will use the proceeds from the one-year loan for funding its ongoing operations and to cover debt servicing costs.
Jubilant shares were down 7.0% to 10.00 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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