UK Oil & Gas repays part of £5.5m loan with shares

Wed, 3rd Jun 2020

Oil company UK Oil & Gas said it had repaid a further £100k of a £5.5m convertible loan note with Riverfort Global Opportunities and YA II PN. The repayment had reduced the loan's balance to £1.75m and was made through a conversion mechanism involving the allotment of around 52.2m shares in the company to the investors. At 2:44pm: (LON:UKOG) UK Oil Gas Investments Plc share price was +0.01p at 0.25p Story provided by StockMarketWire.com

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