Finance News Oil & Gas

UKOG repays more of £2m loan

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UK Oil & Gas plc has repaid a further £55,000 of its loan by issuing a further 244,444,444 shares to investors RiverFort Global Opportunities PCC Ltd and YA II PN Ltd.

The balance now stands at £310,000 of the original £2m loan.

Following admission, UKOG’s total voting rights will be 4,348,502,750 ordinary shares.

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