Independent Oil & Gas (IOG LN) has announced a non-binding term sheet for a new non-convertible loan facility for £15m with the use of proceeds primarily attributable to the Harvey appraisal well. In addition, the funds would also be used to repay in full the remaining liabilities relating to Skipper and other working capital.
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VSA Morning Flow Test
- Published:
17 Aug 2018 -
Author:
Oliver O’Donnell -
Pages:
3
Independent Oil & Gas (IOG LN) has announced a non-binding term sheet for a new non-convertible loan facility for £15m with the use of proceeds primarily attributable to the Harvey appraisal well. In addition, the funds would also be used to repay in full the remaining liabilities relating to Skipper and other working capital.