Olje

FkL
30.08.2019 kl 20:42 5847

6.9.2
NOR and PetroNor have entered into a shareholding undertaking agreement, where NOR has undertaken to provide liquidity funding to PetroNor, amounting to up to USD 7,000,000 in total. For further information, see Section 7.2.6 "Related party transactions and conflict of interest" below.

7.2.6
NOR and PetroNor entered into a shareholding undertaking agreement on 2 August 2019, where NOR has undertaken to provide liquidity funding to PetroNor, amounting to up to USD 7,000,000 in total. The loans are intended to be a bridge loan until third party funding is secured by the Group. Subject to certain conditions, the loan may be drawn on one or more occasions. The loan shall carry an interest of 10% p.a. from payment ro repayment and constitute a bullet loan with due date 12 months from the first day of trading following completion of the Transaction. A facility fee of 1.5% of the total commitments (USD 105,000) shall also be paid to NOR in full within 21 calendar days of completion of the Transaction. The loan shall be unsecured.

http://www.africanpetroleum.com.au/media-centre/press-releases/publication-exempted-document?mobile=true
Redigert 30.08.2019 kl 21:03

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