i3 is raising £5 mm of new equity priced at 35 p per share with some of the holders of the Junior Loan Notes. In addition, Bybrook is being issued warrants for up to 8 mm new shares at an exercise price of 40 p per share. The Junior Loan Note holders have also agreed to extend the Long Stop Date by which the company was required to enter a reserve-based lending facility or to source alternative development financing, from 6 December 2019 to 30 April 2020. The A2 well has also been spudd
08 Nov 2019
FLASH: Raising £5 mm of new equity with Junior Loan Note holders
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FLASH: Raising £5 mm of new equity with Junior Loan Note holders
i3 Energy Plc (I3E:LON) | 12.8 0 1.3% | Mkt Cap: 153.6m
- Published:
08 Nov 2019 -
Author:
Stephane Foucaud -
Pages:
2
i3 is raising £5 mm of new equity priced at 35 p per share with some of the holders of the Junior Loan Notes. In addition, Bybrook is being issued warrants for up to 8 mm new shares at an exercise price of 40 p per share. The Junior Loan Note holders have also agreed to extend the Long Stop Date by which the company was required to enter a reserve-based lending facility or to source alternative development financing, from 6 December 2019 to 30 April 2020. The A2 well has also been spudd