Ascent Resources PLC Update on Loan Facility (5971Q)
01 March 2021 - 06:00PM
UK Regulatory
TIDMAST
RNS Number : 5971Q
Ascent Resources PLC
01 March 2021
1 March 2021
Ascent Resources plc
("Ascent" or the "Company")
Update on Align Loan Facility
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic
American and European focused energy and natural resources company,
announces an update on its existing Loan Facility.
The Company currently has GBP125,000 of outstanding
indebtedness, pursuant to the Loan Facility announced 1 December
2020, and an available undrawn Loan Facility with the Lenders of
GBP182,500 of which GBP120,000 is available to be drawn on 2 March
("Tranche 3") and the balance available of GBP62,500 for drawdown
on 3 April ("Tranche 4"). Further to the Company's announcements on
11 February and 22 February, regards the new equity funding and the
Slovenian direct settlement discussions , the Company and the
Lenders have mutually agreed to extend the Tranche 3 drawdown date
of 2 March to the Tranche 4 date of 3 April. Accordingly the
Company may now drawdown, if it wishes, the remaining available
loan proceeds of GBP182,500 in their entirety on 3 April.
Enquiries:
Ascent Resources plc Via Vigo Communications
Andrew Dennan
WH Ireland, Nominated Adviser & Broker
James Joyce / Chris Savidge 0207 220 1666
Novum Securities, Joint Broker
John Belliss 0207 399 9400
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