Curzon Energy PLC Sale of Corporate Debt and Corporate Update (8337C)
13 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMCZN
RNS Number : 8337C
Curzon Energy PLC
13 February 2020
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
13 February 2020
Curzon Energy Plc
("Curzon" or the "Company")
Sale of Corporate Debt and Corporate Update
Curzon Energy Plc (LON:CZN) the London Stock Exchange listed oil
and gas development company, has been informed by YA Global
Investments, LP ("YA"), of the sale of its outstanding debt due to
YA, to C4 Energy Ltd ("C4") a UK incorporated private company. The
current balance of the loan agreement is US$200,000 with
approximately US$32,000 of accrued interest.
Secured Loan Notes
Separately, the Company remains in discussions with the lenders
of GBP200,000 of secured loan notes, as most recently announced on
18 October 2019. The Company expects to reach an agreement on a
refinancing with the lenders of these notes in due course.
Corporate Update
Following a period of discussions between key stakeholders and
investors in the business, the Directors have resolved to enlarge
the focus of the Company to potentially include sectors outside of
the energy sector.
The Directors have identified a number of attractive
opportunities available for Curzon to potentially participate in
and, following further evaluation, additional announcements will
follow as appropriate. At this stage, there can be no assurance
that these opportunities will lead to any transaction but the
Directors remain committed to completing a transaction in the near
term.
In light of these developments and overarching market conditions
in the junior oil and gas space, the Company has ended discussions
around a transaction with Pared Energy in Texas, as most recently
announced on 27 September 2019.
For further information please contact:
Curzon Energy Plc +44 (0) 20 7747 9980
Scott Kaintz
www.curzonenergy.com
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Richard Hail
Stephen Wong
Optiva Securities Limited +44 (0) 20 3137 1902
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDTTMPTMTIBBIM
(END) Dow Jones Newswires
February 13, 2020 02:00 ET (07:00 GMT)
Grafico Azioni Curzon Energy (LSE:CZN)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Curzon Energy (LSE:CZN)
Storico
Da Apr 2023 a Apr 2024