Rurelec receives partial loan repayment; says no guarantee of getting more

Fri, 10th Jul 2020

Power generation group Rurelec said it had received a further $0.28m by way of partial repayment from Patagonia Energy Limited of amended and restated loan notes. The balance outstanding on the loan notes was about $20.9m, with with the first $5m of repayment shared 80%-to-20% between Rurelec and Basic Energy. The total amount owing to Rurelec was now $15.2m. 'There can be no guarantee as to when any further loan repayments will be made,' the company said. 'Further updates will be provided in due course.' At 3:01pm: (LON:RUR) Rurelec PLC share price was 0p at 0.53p Story provided by StockMarketWire.com

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