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