No Paciing maybe another loan31 Aug 2024 11:40
Extension of Loan Facility
Tower Resources plc (TRP.L, TRP LN), the AIM listed oil and gas company with its focus on Africa, is pleased to announce a further extension of its Loan Facility ("Facility") of US$750,000. The Facility is provided by the Company's shareholder Pegasus Petroleum Limited ("Pegasus") whose ultimate beneficial owner is the Company's Chairman and CEO, Jeremy Asher, and was originally provided to the Company as a bridging loan announced on 16 April 2019. The Facility has now been extended to the end of November 2021, though the Company hopes to repay the Facility by 15 July 2021, in which case the cost of the extension will reflect the earlier repayment.