LGO Energy working on potential strategic investments (Scandinavian Oil-Gas Magazine)

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LGO Energy working on potential strategic investments

Published Feb 25, 2016

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LGO Energy plc has continued working closely with its advisors in the USA, Wellford Capital Markets, LLC and Height Securities, LLC, on potential strategic investments in the business.

Those discussions have now progressed to a point where a non-binding term sheet has been signed with an institution for a US$20 million investment and discussions are continuing to reach a possible binding agreement.

Negotiations with other potential investors are also continuing after which the LGO Board will consider entering a binding exclusive funding arrangement with one of the target investors. There is however no certainty that any such financing will be completed.

Tags: LGO Energy

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