Block Energy plc has extended its existing $2 million senior secured loan facility for a further 18 months to 2 August 2027. DIRECTORS The loan, orginally agreed in February 2023, was increased to $2m in May 2023, and the original 18-month term extended to July 2024 and then to February 2026. In relation to the […]
Tag: senior secured loan
Block secures $1m loan to accelerate West Rustavi
Block Energy plc has closed a senior secured loan of US$1.06 million (£860,000) with various existing shareholders and two of its management. RELATED PARTIES Chief executive officer Paul Haywood provided $90,000 and chief operating officer Ken Seymour provided $100,000 of the loan. The company said that the funds would give additional headroom to accelerate its […]