Petroceltic agrees $30m facility with Macquarie
Exploration company Petroceltic International has agreed a $30 million bridge facility with Macquarie Bank.
Exploration company Petroceltic International has agreed a $30 million bridge facility with Macquarie Bank, Bloomberg reports.
“Macquarie approved a commitment in respect of a 12 month debt facility for up to $30 million for Petroceltic, subject to the standard conditions precedent for this type of facility,” Petroceltic said.
Petroceltic granted Macquarie 15 million warrants to subscribe for ordinary shares at a price of 4.52 pence. Macquarie may also be entitled to up to 25 million additional...
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