4th Apr 2014 13:30
Immediate release 4 April 2014
Brady Exploration plc
("Brady" or the "Company")
Update on receipt of funds from EER
The Board is pleased to announce that further to its announcement on 22 January 2014, Brady has today received £50,000 in cash from Energy Equity Resources (Norway) Limited ("EER") in part payment of the total amount owed to it by EER. These funds will provide the Company with additional working capital.
The Board remains confident that the outstanding debt will be repaid in full albeit the exact timing of such repayment remains to be agreed.
Further announcements will be made in due course.
For further information on the Company, visit: www.bradyexploration.com or contact:
Alex Borrelli
| Brady Exploration plc | Tel: +44 (0) 7747 020 600 |
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Nick Naylor Nick Athanas Michael McNeilly
| Allenby Capital Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0) 20 3328 5656 |
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Jon Levinson Lucy Williams | Peterhouse Corporate Finance (Joint Broker) | Tel: +44 (0) 20 7469 0935 |
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