20th Jun 2016 08:08
LONDON (Alliance News) - Trinity Exploration & Production PLC on Monday said it has secured the 36th extension to the moratorium on repayments relating to its outstanding debt balance of USD13.0 million with its lender Citibank.
The new extension will run to Friday, having been due to expire last Friday.
Last week, Trinity Exploration said it had held "detailed stage discussions" with a number of parties that are interested in purchasing certain assets owned by the company and said it expects to make a further update in the near future.
Trinity Exploration shares were down 14% to 1.98 pence Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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