Brief: CGX Energy, Frontera Announce Execution Of Farm-In Joint Venture Agreement, Bridge Loan

CGX Energy

01/02/2019 11:18

Feb 1 (Reuters) - CGX Energy Inc  OYL.V :
    * CGX ENERGY AND FRONTERA ANNOUNCE EXECUTION OF FARM-IN
JOINT
VENTURE AGREEMENT AND BRIDGE LOAN
    * CGX ENERGY INC - JV COVERS CGX'S TWO SHALLOW WATER
OFFSHORE
PETROLEUM PROSPECTING LICENSES IN GUYANA, CORENTYNE AND DEMERARA
BLOCKS.
    * CGX ENERGY INC - AGREEMENTS REMAIN SUBJECT TO GUYANESE
GOVERNMENT APPROVAL.
    * CGX ENERGY INC - ENTERED INTO AN AMENDED AND RESTATED
BRIDGE
LOAN AGREEMENT WITH FRONTERA
    * CGX ENERGY - FRONTERA HAS OPTION TO CONVERT UP TO US$8.8
MILLION
PRINCIPAL AMOUNT OF LOAN INTO CGX COMMON SHARES AT CONVERSION
PRICE OF US$0.22/SHARE

Source text for Eikon:  ID:nCNWLQl5Pa 
Further company coverage:  FEC.TO 

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