UK: Angus Energy announces Saltfleetby Loan Facility update
22 Feb 2021
AIM-listed
Angus Energy has announced, further to the RNS of 30 November 2020 that the Company has received a 'best efforts' expression of commitment in the form of a conditional Mandate Letter, for between £8 and £9 million toward the proposed
£12 million Saltfleetby Equipment Finance and Field Development Loan Facility from a major multi-national institution. The Mandate commitment is conditional also on the participation of other institutions and investors for the balance of £3 to £4 million.
The Company has also been informed of indications and soft commitments for the same Loan Facility of approx. £11 million from an identified group of investors led by