Member Info for downbutnotout

11 March 2022
Lekoil Limited
("LEKOIL" or the "Company")
Convertible Facility Agreements conversion election - Total Voting Rights
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides an update further to the Company's announcement of 28 February 2022, in respect of the Amended & Restated CFA1 ("CFA 1"), the Savannah Convertible Facility Agreement ("CFA 2") and the Tripartite Agreements.
The Company notes that the lenders under CFA 1 and CFA 2 have now elected to convert all or part of their Outstanding Amounts into fully paid ordinary shares of the Company ("Shares") as follows:
Amended & Restated CFA1 - Lenders
42,000,000 Shares ("CFA1 Shares")
CFA 2 Lender
157,134,400 Shares ("CFA2 Shares")
The Company has now completed the allotment and issuance of the Shares pursuant to those elections. Following the issuance of the Shares, there are no Outstanding Amounts under CFA 1 and the Outstanding Amount under CFA 2 is £100,000.
Pursuant to the Tripartite Agreements, the Company has also completed the allotment and issuance of 22,863,356 Shares (the "Tripartite Agreement Shares") to satisfy the obligations thereunder.
As trading in the Company's Shares remain suspended, application is not currently being made for the CFA1 Shares, CFA2 Shares and Tripartite Agreement Shares issued today, to be admitted to trading on AIM ('Admission').

whats it all mean then for us shareholders?

169.50 wow

* pats self on back * for my 156p buy as posted.

2nd price ext

ceasefire https://www.youtube.com/watch?v=3LuPPSCguuw

spot big sell 156 94,500

quoted 160 to buy

ticked up 159s to buy

spread v.tight

back in for a few at 156p

doing well to hold the 160s. not deramping.

Biden about to talk. hes going to say Putin is a lier.

my guess is there are 16,000 russian soldiers hiding in the woods so this makes up for the shortfall.

158p just seen

its not 147p lol

164.7p bid 171p offer

US futures dropping a wee bit now. half the gain on that breaking Putin news has now been lost.

not fake news. heres the video showing middle eastern soldiers carrying russian flags
https://twitter.com/i/status/1502255631167799298

Breaking News; Putin preparing to send 16,000 Syrian mercenary soldiers to fight for Russia in Ukraine.

Why has Putin asked for soldiers from Syria to join russian troops? doesn't look like a deal is in place does it.

testing the 50DMA 734p.. back down to 620s?