Upland Resources Allows GBP3 Million Loan Note Facility To Lapse

Wed, 02nd Jan 2019 11:42

LONDON (Alliance News) - Upland Resources Ltd said on Wednesday it allowed its GBP3.5 million convertible loan notes facility to lapse at the end of 2018.

The upstream oil and gas company said it was sufficiently financed following a GBP3.0 million share placing back in June, together with existing cash resources. The placing funds went towards spudding the Wick well, offshore UK, as well as new ventures in Malaysia and North Africa.

Shares in Upland Resources were up 9.6% at 3.94 pence on Wednesday.

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