Zenith Energy: Nå starter oppturen!!🔥

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ZENA 23.04.2021 kl 08:10 17550

April 23, 2021 ZENITH ENERGY LTD. ("Zenith" or the "Company") Debt reduction, amendment of terms and issue of warrants Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN ; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has reduced its liabilities, extended the maturity date of two existing loans and issued share purchase warrants to certain lenders of the Company. Debt Reduction On February 14, 2020, the Company announced that, in relation to its US$2.5 million convertible loan facility (the "Facility") it had reduced its liability to US$1.05 million. The Company is pleased to confirm that, following recent repayments, the current liability in relation to the Facility stands at US$0.7 million. As last announced on January 6, 2021, the Company had an outstanding credit agreement with a financial institution in Azerbaijan for an amount US$54,650.00 plus accrued interest payable by June 30, 2021. The Company is pleased to confirm that this liability has now been reduced to a total amount of US$25,000. Loan Extensions The Company confirms that it has amended the terms of the US$2.5 million convertible loan facility and of an existing revolving credit line, extending the current repayment terms. Issue of Warrants In connection with these loan extensions, Zenith has issued: o 45,000,000 share purchase warrants exercisable at NOK 0.12 (approximately £0.01) per common share payable in full in cash on subscription, and expiring within six months from the date of issue ; and, o 13,593,113 share purchase warrants to the lenders exercisable at NOK 0.156 (approximately £0.013) per common share payable in full in cash on subscription expiring three years from the date of issue. Andrea Cattaneo, Chief Executive Officer of Zenith, commented: "We are always seeking to improve our balance sheet by reducing our debt exposure, specifically to convertible loan facilities. The Board believes the Company shall soon be able to settle all outstanding convertible debt instruments in the event it successfully completes and develops the recently announced acquisitions which have the potential to transform the Company's revenue position and profitability in the current oil price environment." Zenith Energy Ltd
Redigert 23.04.2021 kl 08:12 Du må logge inn for å svare
Cat349e
01.05.2021 kl 09:06 1052

Vil da tro at de går på den etter godkjenning i tunis hvor de da har salg av over 65 000 tønner som gir kapital til det vil jeg da tro? Det er tross alt 3.5m usd den koster og reparere