Ncondezi Energy Ltd - coal-fired power project in Mozambique - Says Ncondezi Green Power, its wholly owned renewable energy subsidiary, agrees 20 day extension to the directors bridge loan announced on May 4, repayment date now December 7. Existing conversion and default conversion rights to apply if Ncondezi Green Power fails to repay by deadline, meaning lenders can convert the loan into around 53% of the then issued share capital of Ncondezi Green Power.
Current stock price: 1.35 pence
Year-to-date change: down 75%
By Josie O'Brien; josieobrien@alliancenews.com
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