Angus Energy extends repayment terms on £3m loan facility
Angus Energy
0.41p
16:55 19/04/24
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-0.02p
Oil and gas production and development company Angus Energy announced a variation on the terms of its £3m loan facility between itself, YA II PN and Riverfort Global Opportunities on Thursday, having previously described the facility on 10 January.
FTSE AIM All-Share
745.67
17:08 19/04/24
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The AIM-traded firm said that under a deed of variation dated 13 February, it could now - subject to two days notice - repay the initial advance of £1.5m at any time within 45 calendar days, rather than 30 calendar days from the date of drawdown.
It added that the lock-up period, during which the noteholders could not exercise their conversion right, would also be extended.