Angus Energy plc received shareholders’ approval in yesterday’s general meeting to issue 516,033,308 shares at 0.66 pence to Kemexon Ltd in exchange for a £3 million loan. Following the issue of the shares, Angus will have 4,142,893,340 ordinary shares in issue, each with one vote. The company holds no ordinary shares in treasury.
Tag: loan
Orcadian secures further six months to repay $1m loan
Orcadian Energy plc has agreed a six-month extension to repay a £1 million loan to Shell International Trading and Shipping Company Ltd. OPTIONS The North Sea oil and gas company’s deadline for the third extension is now 13 March 2024. Orcadian, which currently holds £92,000 cash and a monthly burn rate of less than £20,000, […]
Orcadian agrees more time to repay £1m loan to Shell
Orcadian Energy plc has secured an extension to the repayment date of its $1 million loan plus interest to Shell International Trading and Shipping Company Ltd (Stasco). PILOT FIELD The deadline for repayment has been extended from today to 13 September 2023. Orcadian, which currently holds £95,000, said it was in discussions with Stasco for […]
Angus in talks to refinance debts with $25m loan
Angus Energy plc has signed a non-binding conditional agreement for an 18-month loan of up to US$25 million with Aleph Commodities Ltd. If both parties proceed, the funds will refinance the £7.35m outstanding under the senior facility and the £3m and £6m bridge loans. The company is also in discussions with another financial provider for […]
Predator receives £1.9m from directors’ shares sale
Predator Oil & Gas Holdings plc received a £1,890,000 loan before expenses after two directors sold 18 million shares. PROSPECTUS Predator said it had insufficient headroom for the issue and admission of new ordinary shares without an FCA-approved prospectus, which it expects to complete “in the coming weeks”. The company aims to publish a revised […]
Cora Gold appoints advisor for $70m loan
Cora Gold Ltd has appointed Atlantique Finance as sole adviser on a medium-term US$70 million loan in CFA* franc (XOF) to help construction at the Sanankoro gold project in southern Mali. DEBT MANDATE Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group […]