Brief: Madalena reports completion of strategic alternatives process

Centaurus Energy

08/05/2017 13:30

May 8 (Reuters) - Madalena Energy Inc  MVN.V : 
    * Madalena announces successful completion of its strategic 
alternatives process 
    * Madalena Energy Inc - Madalena entered into a series of 
agreements with Hispania Petroleum S.A. 
    * Madalena Energy Inc - agreements provide for a package of 
debt and mezzanine financing which are expected to resolve 
Madalena's liquidity challenges 
    * Madalena Energy- Jose David Penafiel, Hispania's CEO, has 
been appointed CEO of Madalena 
    * Madalena Energy - entered into two credit facilities with 
hispania, with a total of $23 million of availability 
    * Madalena Energy- company is reducing its canadian presence 
as it transfers executive management functions to argentina 
    * Madalena Energy - Steve Dabner, vp exploration and new 
ventures and Thomas Love, vp finance and chief financial officer 
will depart company 
 
Source text for Eikon:  ID:nCNWJYbbha  
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