Update on Loan Facility
Updated : 07:01
1 March 2021
Ascent Resources plc
("Ascent" or the "Company")
Update on Align Loan Facility
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, announces an update on its existing Loan Facility.
The Company currently has £125,000 of outstanding indebtedness, pursuant to the Loan Facility announced 1 December 2020, and an available undrawn Loan Facility with the Lenders of £182,500 of which £120,000 is available to be drawn on 2 March ("Tranche 3") and the balance available of £62,500 for drawdown on 3 April ("Tranche 4"). Further to the Company's announcements on 11 February and 22 February, regards the new equity funding and the Slovenian direct settlement discussions , the Company and the Lenders have mutually agreed to extend the Tranche 3 drawdown date of 2 March to the Tranche 4 date of 3 April. Accordingly the Company may now drawdown, if it wishes, the remaining available loan proceeds of £182,500 in their entirety on 3 April.
Enquiries:
Ascent Resources plc Andrew Dennan | Via Vigo Communications
|
WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge | 0207 220 1666 |
Novum Securities, Joint Broker John Belliss
| 0207 399 9400
|
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