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News: ELK Elk Petroleum Secures Up To A$4 Million From Republic Investment Management

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    26/03/19
    10:55
    Post #: 37883915

    March 26 (Reuters) - Elk Petroleum Ltd (ELK) :

    • SECURED UP TO A$4 MILLION IN FUNDING FROM REPUBLIC INVESTMENT MANAGEMENT (REPUBLIC), VIA AN UNSECURED SHORT TERM LOAN
    • AGREED TO RECAPITALISATION PROPOSAL FROM SHAREHOLDER REPUBLIC THAT INCLUDES SHORT-TERM LOAN & PARTIALLY UNDERWRITTEN RIGHTS ISSUE
    • SHORT-TERM LOAN AND A PROPOSED PARTIALLY UNDERWRITTEN RIGHTS ISSUE, TOTAL UP TO ABOUT A$15 MILLION

    Source text: (http//bit.ly/2HP3Auo)

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