LGO Energy completes refinancing

9th Dec 2016 14:28

(ShareCast News) - LGO Energy confirmed on Friday that, as announced on 7 December, its refinancing had now completed.The AIM-traded company said first close on the transaction agreed with the Lind Partners occurred on Friday."LGO received the proceeds from the first drawdown of $1.825m on the Lind Funding Agreement and paid BNP Paribas the closing sum of $1.75m in full settlement of all amounts due to BNPP, who have now released rights to the senior security they previously held," its board said in a statement."An update on plans for drilling at the Goudron Field in Trinidad will be provided in due course."