Europa Oil repays £1m loan from Union Jack
Sharecast
Published Oct 19, 2022 14:06
Europa Oil repays £1m loan from Union Jack
The AIM-traded firm said that, in accordance with the terms of the loan facility and charge agreements executed between Union Jack and Europa on 9 September, Europa had repaid the principal of £1m and applicable interest in full.
“Accordingly, the loan facility has been cancelled and the security held by Union Jack will now be released,” the board said in its statement.
At 1231 BST, shares in Union Jack Oil were down 2.59% at 28.25p, while those in Europa Oil & Gas Holdings were down 5.17% at 1.14p.
Reporting by Josh White at Sharecast.com.
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