Brief: Atlantic Petroleum Signs Heads Of Terms For A Bridge Loan Facility
26/06/2019 21:30
June 26 (Reuters) - Atlantic Petroleum P/F ATLA.CO :
* REG-ATLANTIC PETROLEUM SIGNS HEADS OF TERMS FOR A BRIDGE
LOAN
FACILITY AND A STANDSTILL
* ATLANTIC PETROLEUM - LOG WILL RETAIN RIGHT TO CONVERT THE
EXISTING CONVERTIBLE LOAN FACILITY AT THE AGREED STRIKE PRICE
DURING PERIOD OF STANDSTILL
* ENTERED INTO HEAD OF TERMS ON A UNSECURED BRIDGE LOAN
FACILITY
FOR UP TO DKK 5 MILLION
* ATLANTIC PETROLEUM - LONDON OIL AND GAS LIMITED ARE
PREPARED TO
ENTER A STANDSTILL AGREEMENT, FOR A PERIOD OF 6-MONTH
Source text for Eikon: ID:nGNE5BT68t
Further company coverage: ATLA.CO
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Atlantic Petroleum P/F
See all newsBrief: Atlantic Petroleum P/F - To Reduce Total Debt By Over DKK 90 Million
Brief: Atlantic Petroleum P/F Says Work On Completing Relevant Debt Agreements Is Still Pending But Finalization And Signature Is Expected Within Weeks
Brief: Atlantic Petroleum To Keep Activity At Minimum Until End-2025
Brief: Atlantic Petroleum Q2 Operating Loss DKK 3.2 Mln
Brief: Atlantic Petroleum Q1 Operating Loss At DKK 2.5 Mln