LGO Energy PLC First Close with Lind Partners (4787R)

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RNS Number : 4787R

LGO Energy PLC

09 December 2016

For Immediate Release

9 December 2016

LGO ENERGY PLC

("LGO" or the "Company")

First Close with Lind Partners

LGO is pleased to confirm that, as announced on the 7 December, the refinancing has now completed. First close on the transaction agreed with the Lind Partners, LLC ("Lind") occurred today. LGO received the proceeds from the first drawdown of US$1.825 million on the Lind Funding Agreement and paid BNP Paribas ("BNPP") the closing sum of US$1.75m in full settlement of all amounts due to BNPP, who have now released rights to the senior security they previously held.

An update on plans for drilling at the Goudron Field in Trinidad will be provided in due course.

Enquiries:

 
 LGO Energy plc              [phone] 
 Neil Ritson 
 James Thadchanamoorthy 
 
 Beaumont Cornish Limited    [phone] 
 Nomad 
 Roland Cornish 
 Rosalind Hill Abrahams 
 
 FirstEnergy Capital LLP     [phone] 
 Joint Broker 
 Jonathan Wright 
 David van Erp 
 
 Bell Pottinger              [phone] 
 Financial PR 
 Henry Lerwill 
 

About Lind Partners

The Lind Partners is a New York-based alternative asset management firm that manages a family of institutional investment funds focused on small and mid-cap publicly traded companies with an emphasis on Australia, Canada and the United Kingdom. Since 2009, the core team at Lind has worked on over 75 direct investments with a total transaction value in excess of US$550 million. Further information can be found at http://www.thelindpartners.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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December 09, 2016 08:27 ET (13:27 GMT)