UK Oil & Gas plc has reduced its 2023 loan by issuing a fourth tranche of ordinary shares, totalling 876,412,394, to its lenders.
The balance of the £2 million gross first cash sum from RiverFort Global Opportunities PCC Ltd and YA II PN Ltd is now £660,000.
The shares were converted at an average of 0.0175 pence per share.
Following admission, UKOG’s total voting rights will be 29,534,926,104 ordinary shares.
One Reply to “UKOG issues 876m shares to reduce £2m loan”
Comments are closed.