See this as positive20 Jan 2020 22:14
IMO I see this as a positive that Riverfort wanted IN at this point and opted for shares.
UK Oil & Gas PLC (London AIM: UKOG), announces that, in relation to the £5.5 million financing announced on 7 August 2019 ("Loan"), it has received a notice from Riverfort Global Opportunities PCC Limited and YA II PN Ltd ("Investors") to convert £250,000 of the Loan into UKOG shares.