LGO Energy PLC First Close with Lind Partners (4787R)
10 December 2016 - 12:27AM
UK Regulatory
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
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