Brief: G3 Exploration Says Green Dragon Gas Working To Place A Reserve Based Loan

G3 Exploration

25/09/2019 14:52

Sept 25 (Reuters) - G3 Exploration Ltd  G3EG.L :
    * G3 EXPLORATION LTD - GREEN DRAGON GAS IS WORKING WITH ITS
BANK
AND ADVISORS TO PLACE A RESERVE BASED LOAN
    * G3 EXPLORATION LTD - FOLLOWING DIVIDEND IN SPECIE
ISSUANCE,
COMPANY WILL RETAIN ALL OF ITS EXPLORATION AND DEVELOPMENT
ASSETS
    * G3 EXPLORATION - LOAN IF SUCCESSFUL, WILL ENABLE GDG TO
REPAY CO
SUFFICIENT PROCEEDS IN RESPECT OF EXISTING $270M INTERCOMPANY
LOAN

Source text for Eikon:  ID:nRSY6708Na 
Further company coverage:  G3EG.L 

 (Reporting by Shanima A)
 ((Shanima.A@thomsonreuters.com;))