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  3. ECHO.L Share Price
  4. ECHO.L Share Regulatory News
  5. Update re Loan Facility and Loan Note Settlement

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Update re Loan Facility and Loan Note Settlement

30 Sep 2016 15:57

RNS Number : 4003L
Independent Resources PLC
30 September 2016
 

Independent Resources plc

("Independent Resources" or the "Company")

 

Update re Loan Facility and Loan Note Settlement

 

Further to the announcement on 29 September 2016, Independent Resources (AIM: IRG) is pleased to confirm it has received ÂŁ160,000 cash as per the loan agreement with Brandon Hill Capital.

 

The Company is also pleased to announce that having reached an agreement with TransGlobe Petroleum International Inc. ("TransGlobe") concerning the early repayment of the US$2.5 million loan note, as outlined in the announcement on 28 September 2016, it has paid US$100,000 to TransGlobe for full and final settlement.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For more information, please visit www.ir-plc.com or contact:

 

Greg Coleman

Independent Resources plc

020 3367 1134

Adam James

Panmure Gordon (UK) Limited

020 7886 2500

(Nominated Adviser & Joint Broker)

Oliver Stansfield

Brandon Hill Capital

020 3463 5000

Jonathan Evans

(Joint Broker)

Simon Hudson

Tavistock Communications

020 7920 3150

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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1st May 20203:08 pmRNSAdjourned Bondholder Meeting
21st Apr 20202:00 pmRNSPrice Monitoring Extension
15th Apr 20207:00 amRNSOperational Update
9th Apr 20203:29 pmRNSPublication of Bond Restructuring Proposals
1st Apr 20202:05 pmRNSSecond Price Monitoring Extn
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19th Feb 20207:00 amRNSCLM x-1 Non-Commercial Gas Discovery
5th Feb 20207:00 amRNSArgentina: Production Update
30th Jan 20207:00 amRNSSanta Cruz Sur: CLix-1001 Update
20th Jan 20207:00 amRNSSanta Cruz Sur Operational Update
6th Jan 20207:00 amRNSDrilling and Operational Update
20th Dec 20197:00 amRNSIssue of Options and Director/PDMR Shareholding
19th Dec 20197:00 amRNSMobilisation of Drilling Rig to Palermo Aike
12th Dec 20197:00 amRNSCLM x-1 Drilling Completion
2nd Dec 20193:00 pmRNSTotal Voting Rights
2nd Dec 20197:30 amRNSSanta Cruz Sur Operational Update
28th Nov 20194:41 pmRNSSecond Price Monitoring Extn
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8th Nov 20193:47 pmRNSAcquisition Update
7th Nov 201912:14 pmRNSResult of General Meeting, Issue of Equity and TVR
7th Nov 20197:00 amRNSReceipt of Waiver
4th Nov 20197:17 amRNSExtension of Acquisition Agreement
31st Oct 20193:30 pmRNSTotal Voting Rights
31st Oct 20197:00 amRNSTapi Aike Update
25th Oct 20193:34 pmRNSHolding(s) in Company
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