Petroleum Africa
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Wednesday, June 21, 2017
Aminexplc repaid its corporate loan facility in full and is now a debt-free producing company. The company is arranging the release of fixed and floating charges, which comprised the security package for the loan.
Aminex confirms, following the exercise of warrants in May 2017, that all outstanding warrants have now been exercised and anti-dilution provisions are no longer applicable. These warrants were issued as part of the corporate loan agreement.
Ndovu Resources Ltd., Aminex’s Tanzanian operating subsidiary, continues to be paid for its Kiliwani North gas sales, despite some delays in 2017, in USD and this has facilitated early final repayment of all outstanding corporate debt.
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