Jubilant Energy secures $1.56m loan facility
A subsidiary of oil and gas explorer Jubilant Energy has signed a funding arrangement for an unsecured loan facility of around $1.56m.
Jubilant Energy
0.60p
15:49 16/11/15
0.00%
0.00p
Oil & Gas Producers
8,033.38
13:04 15/11/24
1.19%
94.83
The loan, arranged with Jubilant Enpro Private, has a seven-year tenor and an annual interest rate of 14%.
The funds will be used towards funding the capital, operating and other general corporate expenditure.
Its share price has climbed 8.34% to 3.25p by 08:58.