24th Jul 2009 15:06
24 July 2009
Ramco Energy plc
("Ramco"or the "Company")
Extension of existing loan facilities
Ramco Energy plc (AIM: ROS), the Aberdeen-based energy investment company announces that it has agreed an extension to the terms of certain existing loan facilities.
Ramco, announced in April 2008 that it had secured a short term borrowing facility in aggregate amount of £2 million (the "Facility"), to provide additional working capital.
The Facility was made available by LC Capital Master Fund, Ltd ("LC"), a shareholder in Ramco.
The first draw down was made on 24 July 2008 and repayment was initially due six months thereafter in January 2009. With the consent of the lender this was extended until 24 July 2009, and has now been further extended until 24 January 2010. Interest is payable at 4 per cent. per annum.
Enquiries:
|
Ramco Energy plc |
|
|
Chris Moar, Finance Director |
+ 44 1224 748480 |
|
Ambrian Partners Limited |
|
|
Andrew Craig, NOMAD |
+44 207 457 2020 |
|
Richard Swindells, Corporate Broking |
Related Shares:
Seascape Energy