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Solo Oil receives $5 million debt facility to fund Tanzanian projects
Solo Oil Plc has announced that it has drawn down the first US$1 million of a US$5 million 3-year debt facility secured today, and has closed a Placing of £760,000 at 0.95 pence per share and a conditional Placing of £1.5 million at 0.95 pence per share which relates to a Placing and an Equity Swap Agreement with YA Global Master SPV, Ltd. (“YAGM”).
YAGM has agreed with the Company that they will not.... Read more »
Posted on : Thursday , 25th September 2014