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IN BRIEF: Rurelec Gets Further USD224,000 Payment From Patagonia

Fri, 23rd Oct 2020 18:04

Rurelec PLC - power generator and power plants developer based in London - Receives further USD224,000 partial loan repayment of amended and restated loan notes from Patagonia Energy Ltd. Balance of outstanding loan notes now approximately USD20.2 million with first USD1.3 million remaining to be shared 80-20 between Rurelec and Basic Energy Ltd. Total amount owing to Rurelec now USD14.8 million. "There can be no guarantee as to when any further loan repayments will be made," notes Rurelec.

Current stock price: 1.06 pence

Year-to-date change: up 45%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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