Columbus Energy Resources (CERP LN) has announced the agreement of terms for a new convertible loan facility to provide access to additional funds to enable the fast tracking of the company’s transformational development programme. The facility offers attractive terms, in our view, and provides access to up to US$4.5m over three equal tranches, the first of which will be drawn immediately.
11 Nov 2019
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Columbus Energy Resources (CERP:LON) | 0 0 0.0%
- Published:
11 Nov 2019 -
Author:
Oliver O’Donnell -
Pages:
4
Columbus Energy Resources (CERP LN) has announced the agreement of terms for a new convertible loan facility to provide access to additional funds to enable the fast tracking of the company’s transformational development programme. The facility offers attractive terms, in our view, and provides access to up to US$4.5m over three equal tranches, the first of which will be drawn immediately.