Echo Energy as Greenberry lifts total debt facility to €20m

Echo Energy's shares have fallen almost 4% after it said further to the institutional loan with Greenberry announced on 15 May, the lender had purchased the further principal of €5m. This brought the total debt facility to €20m.

"This positions the company with circa £26m cash, once the various equity and debt transactions have completed," it said in a statement.

Greenberry was one of Echo Energy's two cornerstone investors.

At 13:22 BST, shares in AIM-listed Echo Energy were down 0.58% to 21.25p each, off earlier lows.