O/T but may interest us5 Mar 2026 22:58
Lansdowne Oil & Gas PLC - Exploration company with Irish offshore licences which was designated a cash shell in September 2023 - Confirms it has entered into further convertible loan notes for GBP110,000, arranged by Tavira Financial Ltd, the company's joint broker, with a number of existing shareholders. The aggregate CLNs outstanding are now GBP440,000. Funds raised have provided working capital over the last two years, as well as the necessary funds to enable the company to secure litigation funding for its litigation claim against the Government of Ireland where it will be seeking compensation in excess of USD100 million. Proceeds have also been deployed on key transactional costs incurred as part of the company's proposed reverse takeover. Company believes it has now raised sufficient funds from the loan exercise.