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Bridge financing: Sound Energy reaches an agreement with 2i

27/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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On 23 August, the British company Sound Energy PLC, announced that it had concluded a bridge financing agreement for a maximum amount of 1.5 million pounds sterling, available for three months beginning on 1 September.

Sound Energy PLC operates in oil and gas exploration in Morocco. She explained that she entered into this agreement with a “wealthy individual” acting under the name of 2i Partners, presented by Lyndisfarne Partners Ltd. She will pay the lender 50,000 pounds sterling if no withdrawal is made before the expiration of the availability period

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