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-Xtract Resources Plc - Reorganisation of Loan Agreement and Equity Issue

Apr 10, 2017 - ENP Newswire

The Board of Xtract Resources Plc ('Xtract' or the 'Company') is pleased to announce that it has today entered into an agreement (the 'Supplemental Agreement') with YA II EQ, Ltd. (the 'Investor') which is supplemental to the SEDA-backed loan note agreement dated 12 December 2013 ('Loan Agreement').

Colin Bird, Executive Chairman, said: 'We are pleased to have completed, after detailed negotiation, this reorganisation relating to some US$ 1.51 million owing to the Investor which is the onl...