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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lgo Energy | LSE:LGO | London | Ordinary Share | GB00BDGJ2R22 | ORD 0.05P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLGO
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 +44 (0) 203 794 9230 Neil Ritson James Thadchanamoorthy Beaumont Cornish Limited +44 (0) 20 7628 3396 Nomad Roland Cornish Rosalind Hill Abrahams FirstEnergy Capital LLP +44 (0) 20 7448 0200 Joint Broker Jonathan Wright David van Erp Bell Pottinger +44 (0) 20 3772 2500 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
END
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(END) Dow Jones Newswires
December 09, 2016 08:27 ET (13:27 GMT)
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