San Leon Energy PLC – Nigeria-focused oil and gas production, development and exploration company – continues discussions with a third party to secure a $50.0 million alternative loan, which will be used for repayment upon closing, among other things of the USD 5 million loan taken out in August. The proceeds of the new loan would also be used for further investments in ELI and the fulfillment of outstanding obligations to creditors. As discussions continue, the original loan has been extended until September 30.
Current share price: 16.14p
12-month change: Sharp decline from 3,905.00 pence
By Jeremy Cutler, Alliance News reporter
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2023-09-08 20:41:39
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