Finance News Oil & Gas

UKOG makes further loan repayment

UK Oil & Gas plc has further reduced its £2 million loan from 2023 with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd.

The company issued a further 238,095,238 equity shares to repay £50,000, leaving a balance of £260,000.

Following admission, UKOG’s total voting rights will be 4,586,597,988 ordinary shares.