logo-loader
viewColumbus Energy Resources PLC

LGO Energy receives first drawdown from Lind financing

The group inked a deal for a new US$8.6mln Convertible Security Funding Agreement

6022835400_40b3e78ed3_o_584ac985d473e.jpg
The group inked a deal for a new US$8.6mln Convertible Security Funding agreement

LGO Energy PLC (LON:LGO) said the recently announced refinancing with Lind Partners had completed. 

The group inked a deal for a new US$8.6mln Convertible Security Funding Agreement which will be used to pay off the company's entire remaining debt to French lender BNP Paribas.

First close on the transaction agreed  occurred today and the firm received the first drawdown of US$1.825 million  and paid BNP Paribas the closing sum of US$1.75mln in full settlement of all amounts due to BNPP, which have now released rights to the senior security they previously held.

Quick facts: Columbus Energy Resources PLC

Price: 3.1 GBX

AIM:CERP
Market: AIM
Market Cap: £26.24 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Columbus Energy Resources PLC named herein, including the promotion by the Company of Columbus Energy Resources PLC in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Zoetic reports 'significant' first half as CBD shift continues

Headlines from the Proactive UK newsroom. Zoetic International plc (LON:ZOE) reported higher revenues in its first half as the company continued its pivot towards the cannabidiol (CBD) markets. In a trading update the firm posted revenues of £1.15mln in the six months to the end of September,...

on 4/10/19

2 min read