Lansdowne Oil & Gas gets another extension on its LC Capital loan
Lansdowne Oil & Gas
0.11p
17:30 25/09/24
6.80%
0.01p
Lansdowne Oil & Gas updated the market on its outstanding loan with LC Capital Master Fund on Tuesday.
FTSE AIM All-Share
728.67
15:45 15/11/24
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Oil & Gas Producers
8,043.72
15:45 15/11/24
1.32%
105.17
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.