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Investegate |Angus Energy PLC Announcements | Angus Energy PLC: Operations update, £3 million Bridge Facility

Investegate announcements from Angus Energy PLC, Operations update, £3 million Bridge Facility

Ireland , Saltfleetby , Lincolnshire , United-kingdom , London , City-of , George-lucan , James-biddle-roland-cornish , Andrew-hollis , Fergus-mellon , Katy-mitchell-harry-ansell , Tim-thompson

Investegate |Angus Energy PLC Announcements | Angus Energy PLC: Saltfleetby Loan Facility Update

Saltfleetby Loan Facility Update

Angus Energy plc (AIM: ANGS) is pleased to announce, further to the RNS of 19 January 2021 that the Company has received a "best efforts" expression of commitment in the form of a conditional Mandate Letter, for between £8 and £9 million toward the proposed £12 million Saltfleetby Equipment Finance and Field Development Loan Facility from a major multi-national institution (the "Mandate Letter"). The Mandate commitment is conditional also on the participation of other institutions and investors for the balance of £3 to £4 million.
The Company has also been informed of indications and soft commitments for the same Loan Facility of approximately £11 million from an identified group of investors led by Aleph Energy ("Aleph"). In each instance the terms of the Loan Facility are substantially unchanged from those disclosed in the RNS of 19 January 2021.

Ireland , Saltfleetby , Lincolnshire , United-kingdom , Fergus-mellon , Tim-thompson , James-biddle , Katy-mitchell-harry-ansell , George-lucan , Aleph-commodities , Wh-ireland-limited-broker , Angus-energy-plc

UK: Angus Energy announces Saltfleetby Loan Facility update

UK: Angus Energy announces Saltfleetby Loan Facility update
22 Feb 2021
AIM-listed
Angus Energy has announced, further to the RNS of 30 November 2020 that the Company has received a 'best efforts' expression of commitment in the form of a conditional Mandate Letter, for between £8 and £9 million toward the proposed
£12 million Saltfleetby Equipment Finance and Field Development Loan Facility from a major multi-national institution. The Mandate commitment is conditional also on the participation of other institutions and investors for the balance of £3 to £4 million.
The Company has also been informed of indications and soft commitments for the same Loan Facility of approx. £11 million from an identified group of investors led by

Saltfleetby , Lincolnshire , United-kingdom , Aleph-energy , Knowe-properties-loan , Company-energy-transition , Field-development-loan-facility , Field-development-plan , Angus-energy , Mandate-letter , Saltfleetby-equipment-finance

Oil price, Chariot, Angus, President, Echo. And finally…

Chariot has signed a Collaboration Agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering,...

Louisiana , United-states , New-zealand , Lixus , Tanger-teuan , Morocco , Saltfleetby , Lincolnshire , United-kingdom , Argentina , Canada-grande , Buenos-aires