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IN BRIEF: Phoenix Global secures Mercuria loan extension repayment

Wed, 29th Dec 2021 09:40

Phoenix Global Resources PLC - independent oil and gas exploration and production company - Mercuria Energy Group Ltd agrees to extend the repayment date for the USD50.0 million bridging facility and interest to December 31, 2022 and also extends interest payment grace period to September 30, 2022. States first repayment date for the convertible facilities agreement was also delayed to December 31, 2022.

Notes, previously, Mercuria says it intends to provide financial support to company so that it can continue to operate and service liabilities. Explains these fell due on September 14 for a 12-month period. Adds that Mercuria also previously agreed to meet the company's cash needs and not demand repayment for loans.

Current stock price: 4.72 pence

Year-to-date change: down 12%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

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PGR.L Share News (PGR)

IN BRIEF: Phoenix Global secures Mercuria loan extension repayment

CORRECT: DIRECTOR DEALINGS: Premier Gold Holder Transfers Shares To Chief Executive

Premier Gold Gets Assurances Over Cholokkaindy Restart

Software Radio non-exec stocks up as group looks ahead with confidence

DIRECTOR DEALINGS: Premier Gold Resources Directors To Receive Shares In Lieu Of Cash

MARKET COMMENT: Stocks Close Mixed, But Carpetright Slips Up

Premier Gold shares slump after gangs stymie fieldwork

UK WINNERS & LOSERS: Carpetright Slips As Tate & Lyle Leads Blue-Chip Gainers

MARKET COMMENT: Tate & Lyle's News Is Sweet But Carpetright Is Downtrodden

UPDATE: Premier Gold Shares Drop 24% As Work Is Blocked By Local Gangs

Premier Gold Resources Shares Price Drops As It Warns Of Delays Caused By Local Gangs

Premier Gold Pretax Losses Widened By Finance Charge

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IN BRIEF: Phoenix Global secures Mercuria loan extension repayment

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