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Investegate |Angus Energy PLC Announcements | Angus Energy PLC: Saltfleetby Loan Facility Update


Saltfleetby Loan Facility Update
 
Angus Energy plc (AIM: ANGS) is pleased to announce, further to the RNS of 19 January 2021 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 Letter ). 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 approximately £11 million from an identified group of investors led by Aleph Energy ( Aleph ).  In each instance the terms of the Loan Facility are substantially unchanged from those disclosed in the RNS of 19 January 2021.   ....

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A Look Back At Our Top Energy Stories From 2020 - Energy and Natural Resources


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2020 was an interesting and unprecedented year. Obviously, we
were inundated with news about COVID-19 no matter where we turned.
It was on the news, in the newspapers and it seemed to be an
unavoidable topic in every conversation. In the energy sector, the
Ontario government announced a number of initiatives to help those
who were struggling to pay their energy bills. However, a few other
issues made headlines as well and as we look back over the past
year, we see that changes to electricity rates in Ontario, ....

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