FDM freedom oil and gas ltd
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Jan 16 (Reuters) - Freedom Oil and Gas Ltd (FDM) : UPDATES ON...

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    16/01/20
    17:35
    Post #: 42419407

    Jan 16 (Reuters) - Freedom Oil and Gas Ltd (FDM) :

    • UPDATES ON FORBEARANCE AGREEMENT WITH SENIOR LENDER
    • CO IN ADVANCED STAGES OF NEGOTIATION WITH POTENTIAL EQUITY INVESTOR FOR UNDERWRITING SUPPORT FOR RIGHTS ISSUE
    • ALSO NEGOTIATING TERMS OF LOAN NOTE FACILITY WITH POTENTIAL EQUITY INVESTOR
    • WELLS FARGO GRANTS EXTENSION FOR REQUIREMENT THAT CO GETS EQUITY COMMITMENT LETTER
    • WELLS FARGO'S EXTENSION GRANT IN RESPECT OF REQUIREMENT THAT CO GET SUBSCRIPTION AGREEMENT FOR MINIMUM GROSS AMOUNT OF $30 MILLION
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