Tag: Lekoil Limited

Lekoil Limited Gets Savannah Investment’s GBP.9m Loan At 5%/Annum Interest

ADEOLA YUSUF

The CFA, repayable on Wednesday 2 March 2022, may see Savannah Investments electing to convert the outstanding amount into 177.1 million new ordinary shares of Lekoil Limited at a price of 0.5 pence per share, Platforms reports   LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that Savannah Energy Investments Limited (“Savannah Investments” or the “Investor”), has entered into a convertible facility agreement (the “CFA”) and option agreement (the “Option Agreement”) with the Company in order to support the Company’s…

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Lekoil Nigeria Makes Offer To Acquire Lekoil Cayman’s Shares Days to AGM ​

Ayobami Adedinni

Lekoil Nigeria writes Lekoil Cayman’s shareholders, says its indicative offer to acquire Lekoil Limited shares and potential share exchange, a fresh Lifeline to them   Lekoil Nigeria Limited has written to the shareholders of Lekoil Limited (Lekoil Cayman) with an “indicative offer to acquire Lekoil Limited shares and potential share exchange.” Platforms Africa reports that despite similarity in their names, the two firms are engaged in a face-off, which began with the convening of an Extraordinary General Meeting (EGM) at the instance of Lekoil Cayman Board constituted after Metallon Corporation…

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