Share Name Share Symbol Market Type Share ISIN Share Description
Curzon Energy Plc LSE:CZN London Ordinary Share GB00BD97ND60 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -16.67% 0.75 0.60 0.90 0.90 0.75 0.90 821,487 11:14:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.0 -3.0 - 1

Curzon Energy PLC Sale of Corporate Debt and Corporate Update

13/02/2020 7:00am

UK Regulatory (RNS & others)


Curzon Energy (LSE:CZN)
Historical Stock Chart

2 Months : From Jan 2020 to Mar 2020

Click Here for more Curzon Energy Charts.

TIDMCZN

RNS Number : 8337C

Curzon Energy PLC

13 February 2020

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

13 February 2020

Curzon Energy Plc

("Curzon" or the "Company")

Sale of Corporate Debt and Corporate Update

Curzon Energy Plc (LON:CZN) the London Stock Exchange listed oil and gas development company, has been informed by YA Global Investments, LP ("YA"), of the sale of its outstanding debt due to YA, to C4 Energy Ltd ("C4") a UK incorporated private company. The current balance of the loan agreement is US$200,000 with approximately US$32,000 of accrued interest.

Secured Loan Notes

Separately, the Company remains in discussions with the lenders of GBP200,000 of secured loan notes, as most recently announced on 18 October 2019. The Company expects to reach an agreement on a refinancing with the lenders of these notes in due course.

Corporate Update

Following a period of discussions between key stakeholders and investors in the business, the Directors have resolved to enlarge the focus of the Company to potentially include sectors outside of the energy sector.

The Directors have identified a number of attractive opportunities available for Curzon to potentially participate in and, following further evaluation, additional announcements will follow as appropriate. At this stage, there can be no assurance that these opportunities will lead to any transaction but the Directors remain committed to completing a transaction in the near term.

In light of these developments and overarching market conditions in the junior oil and gas space, the Company has ended discussions around a transaction with Pared Energy in Texas, as most recently announced on 27 September 2019.

For further information please contact:

 
 Curzon Energy Plc                 +44 (0) 20 7747 9980 
 Scott Kaintz 
 www.curzonenergy.com 
 
 SP Angel Corporate Finance LLP    +44 (0) 20 3470 0470 
 Richard Hail 
 Stephen Wong 
 
 Optiva Securities Limited         +44 (0) 20 3137 1902 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDTTMPTMTIBBIM

(END) Dow Jones Newswires

February 13, 2020 02:00 ET (07:00 GMT)

1 Year Curzon Energy Chart

1 Year Curzon Energy Chart

1 Month Curzon Energy Chart

1 Month Curzon Energy Chart
ADVFN Advertorial
Your Recent History
LSE
CZN
Curzon Ene..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200330 13:30:12