Lekoil Limited Provides Convertible Facility update

Source: www.gulfoilandgas.com 3/9/2022, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides the following by way of corporate update.

Drawdown under Savannah convertible facility agreement (the "Savannah CFA"): The Company confirms that it has fully drawn down under the Savannah CFA, in the amount of 885,672.
Injunction on issuance of shares by Mr. Akinyanmi: The Company's application to lift the injunction will be heard on Thursday 10 March. The Company will update the market appropriately following the hearing.


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