Charlestown to advance £1.5m this week sometime20 May 2024 08:28
Challenger Energy (AIM: CEG), the Atlantic margin focused energy company, is pleased to announce (as foreshadowed in the Company's RNS of 18 April 2024) that it has entered into long-form legal documentation to give effect to the term sheet for an investment in the Company by Charlestown Energy Partners LLC (together with its affiliates and assignees "Charlestown"). Accordingly, Charlestown will advance a £1.5m loan to the Company on or about 22 May 2024, on terms and conditions as previously announced.