Brief: Alvopetro Announces $15 Mln Credit Facility

Alvopetro Energy

23/09/2019 12:49

Sept 23 (Reuters) - Alvopetro Energy Ltd  ALV.V :
    * ALVOPETRO ANNOUNCES US$15 MILLION CREDIT FACILITY
    * ALVOPETRO ENERGY LTD - ALVOPETRO IS ISSUING 8.4 MILLION
SHARE
PURCHASE WARRANTS TO CORDIANT AND CO'S FINANCIAL ADVISERS
    * ALVOPETRO ENERGY LTD - ANNOUNCES THAT CO HAS ENTERED INTO
A $15
MILLION CREDIT AGREEMENT WITH CORDIANT CAPITAL INC & ITS
AFFILIATES
    * ALVOPETRO ENERGY LTD - FACILITY MATURES THREE YEARS FROM
FIRST
FUNDING DATE AND BEARS CASH INTEREST AT A RATE OF 9.5% PER
ANNUM, PAYABLE MONTHLY
    * ALVOPETRO ENERGY - EACH WARRANT ENTITLES HOLDER TO
PURCHASE ONE
COMMON SHARE OF CO, AT AN EXERCISE PRICE OF $0.60 PER COMMON
SHARE
    * ALVOPETRO ENERGY LTD - WARRANTS EXPIRE ON SEPTEMBER 20,
2022

Source text for Eikon:  ID:nCNWBQP4sa 
Further company coverage:  ALV.V 

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