Lansdowne Oil & Gas gets another extension on its LC Capital loan

Lansdowne Oil & Gas updated the market on its outstanding loan with LC Capital Master Fund on Tuesday.

The AIM-traded firm had announced on 28 June that LC Capital had agreed to extend the repayment date of the loan of £1.05m to 31 December.

“The company is pleased to announce that LC Capital Master Fund has agreed to a further extension to 30 June 2020,” the board said in its statement.

“All other terms of the loan remain unchanged.”

At 1207 GMT, shares in Lansdowne Oil & Gas were up 2.14% at 0.72p.