Nighthawk is asking independent shareholders to approve a waiver of Rule 9 of the City Code in order to settle deferred cash interest on renegotiated loan notes held by major shareholder, Johan Claesson, in shares. Payment in shares would allow the company to preserve working capital as it seeks to complete the ongoing Waterflood Pilot Project. We think that this is in the best interests of all shareholders. A measureable response from the Pilot Project should be reported in Q2 2017. We reite
14 Mar 2017
Waiver of Rule 9
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Waiver of Rule 9
Nighthawk Energy (HAWK:LON) | 0 0 -10.0% | Mkt Cap: 2.51m
- Published:
14 Mar 2017 -
Author:
Mark Henderson -
Pages:
2
Nighthawk is asking independent shareholders to approve a waiver of Rule 9 of the City Code in order to settle deferred cash interest on renegotiated loan notes held by major shareholder, Johan Claesson, in shares. Payment in shares would allow the company to preserve working capital as it seeks to complete the ongoing Waterflood Pilot Project. We think that this is in the best interests of all shareholders. A measureable response from the Pilot Project should be reported in Q2 2017. We reite