Synergia Energy Ltd Financing Update
12 Juni 2024 - 11:56AM
RNS Regulatory News
RNS Number : 1621S
Synergia Energy Ltd
12 June 2024
RNS
Announcement
12 June 2024
AIM: SYN
Synergia Energy Limited ("Synergia" or the "Company") announces it has entered into
a further short-term loan to provide working capital pending the
Government of India ("GoI")
approval of the transfer of 50% of the Company's Cambay PSC to
Selan Exploration Technology Limited ("Selan"). The GoI approval is expected
in the near future and this will trigger the payment of USD 2.5
million to the Company by Selan.
In order to minimise equity dilution for
shareholders, the Company has obtained further loan funding from
existing investors of GBP400,000 on commercial terms and on an
unsecured basis. It is intended the loan funding will be repaid
from the abovementioned Selan payment, once received.
For and on
behalf of Synergia Energy Limited
Roland
Wessel
CEO
For further information, please
contact:
|
Investor Enquires
Synergia Energy Ltd
Briana Stayt
Investor Relations
Email:
bstayt@synergiaenergy.com
Tel: +61 8 9485 3200
Australia
|
AIM
Joint Broker
Panmure Gordon (UK) Ltd
Broker
Mark Murphy / Hugh Rich / Freddie
Wooding
Tel: +44 (0)20 7886 2500
UK
|
AIM
Joint Broker
Novum Securities
Broker
Colin Rowbury
Email:
crowbury@novumsecurities.com
Tel: +44 20 7399 9427
UK
|
AIM
Nominated Adviser
Strand Hanson Limited
Nominated Adviser
Ritchie Balmer / Rory
Murphy
Tel: +44 20 7409 3494
UK
|
Media Enquires (UK)
Vigo
Consulting
Investor Relations
Patrick d'Ancona / Finlay
Thomson
Email:
patrick.dancona@vigoconsulting.com
finlay.thomson@vigoconsulting.com
Tel:+ 44 20 7390 0230
UK
|
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END
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