Coro Energy PLC (AIM:CORO) said it had accelerated receipt of a portion of the proceeds from the disposal of its Italian natural gas portfolio.
The company is receiving a monthly payment of €42,750 through to November 2025 plus a final payment.
To accelerate the next 9 months' payments, Coro said that in exchange for a 22% discount, it will receive €150,000 on June 14 2024 and a further €150,000 thirty days later.
The monthly payments will restart from April 2025.