Brief: Atlantic Petroleum signs £8 mln secured convertible loan facility
25/05/2016 06:01
May 25 (Reuters) - Atlantic Petroleum P/F ATLA.CO :
* Signs £8 million ($11.69 million) secured convertible loan facility
* Entered into loan agreement with London Oil and Gas Limited for provision of secured
convertible loan facility for up to £8 million
* Up to £6 million of new facility to be dedicated to fund acquisitions that would add value
to existing ap portfolio
* LOG have right to nominate a board member and will propose a non-executive director
Source text for Eikon: ID:nCSE6lnq
Further company coverage: ATLA.CO
($1 = 0.6845 pounds)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))
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