RiverFort Global Opportunities PLC Investment Update (6932R)
31 Octubre 2019 - 1:00AM
UK Regulatory
TIDMRGO
RNS Number : 6932R
RiverFort Global Opportunities PLC
31 October 2019
31 October 2019
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investment update
The Company is pleased to announce that since its half year
results to 30 June 2019, it has had a busy and exciting Q3 and
start to Q4, having participated in a number of transactions during
this period, deploying around GBP3.2 million of investment capital.
In particular, during this period the Company has participated in
providing funding to:
- Savannah Petroleum PLC, the British independent oil and gas
company focused around activities in Niger and Nigeria with a
current market capitalisation of around GBP222 million, by way of
an unsecured loan facility, in order to provide the company with
additional liquidity to fund working capital and general corporate
purposes ahead of the planned completion of the Seven Energy
transaction;
- UK Oil & Gas plc, an AIM-listed oil and gas company with a
current market capitalisation of around GBP75 million, by way of a
convertible loan, to provide additional funding for its acquisition
of an additional interest in its flagship Horse Hill asset;
- Anglo African Oil & Gas plc, an AIM-listed independent oil
and gas company with a current market capitalisation of around
GBP12 million, by way of an investor sharing agreement, in order to
part fund the Company's re-entry of the TLP-103C well at its
Tilapia field in the Republic of the Congo with a view to producing
oil from the Djeno horizon;
- InfraStrata plc, the UK quoted company focused on strategic
infrastructure projects with a current market capitalisation of
around GBP7 million, by way of an unsecured convertible loan, in
order to provide a short term bridge facility in connection with
its proposed acquisition of the principal assets of Harland and
Wolff which comprises a multi-purpose fabrication facility,
quaysides and docking facilities in the port of Belfast, Northern
Ireland;
- Angus Energy plc, the UK AIM quoted independent onshore oil
and gas production and development company with a current market
capitalisation of around GBP6 million, by way of a convertible loan
note facility, in order to meet the additional cash requirements
identified by the company's recent decommissioning review;
- Ascent Resources plc, an AIM-listed independent oil and gas
exploration and production company operating in the Petišovci gas
project in Slovenia with a current market capitalisation of around
GBP5 million, by way of a subscription for new shares, an equity
sharing agreement and an investment agreement, in order to, to
provide funding to build the company's reserves and production base
in Slovenia.
A more detailed net asset value update for Q3 will be published
in due course.
Phillip Haydn-Slater, Non-executive Chairman commented:
"We are experiencing high demand for our investment capital from
exciting growth companies which cover a range of market
capitalisations. Going forward we very much expect this to
continue."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For more information please contact:
RiverFort Global Opportunities
plc +44 20 3984 9191
Phillip Haydn-Slater,
Non-executive Chairman
-----------------
Nominated Adviser +44 20 7628 3396
-----------------
Beaumont Cornish
-----------------
Roland Cornish/Felicity
Geidt
-----------------
Joint Broker +44 20 7186 9950
-----------------
Shard Capital Partners
LLP
-----------------
Damon Heath/ Erik Woolgar
-----------------
Joint Broker +44 20 7562 3351
-----------------
Peterhouse Capital Limited
-----------------
Lucy Williams
-----------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDDMMFGVGLGLZM
(END) Dow Jones Newswires
October 31, 2019 03:00 ET (07:00 GMT)
Riverfort Global Opportu... (LSE:RGO)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Riverfort Global Opportu... (LSE:RGO)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024