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Xcite Energy Extends Equity Line Facility Agreement

Source: www.gulfoilandgas.com 4/14/2014, Location: Europe

Xcite Energy has extended the term of its existing Equity Line Facility agreement ("ELF") with Esousa Holdings, LLC by three years until 30 July 2017. The terms and conditions of the ELF remain unchanged, with an undrawn facility amount of £30.84 million, to be used, subject to the terms and conditions of the ELF, at the sole discretion of the Company.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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