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BRIEF-Igas Energy updates on capital restructuring options
March 1, 2017 / 8:34 AM / 9 months ago

BRIEF-Igas Energy updates on capital restructuring options

March 1 (Reuters) - IGAS Energy PLC

* Well progressed discussions with a strategic investor in respect of its capital restructuring options

* Announces that those discussions relate to a potential investment of US$35m of cash equity

* Potential investment is dependent on successful restructuring of company’s secured and unsecured bonds

* Will also seek to raise additional equity funding and existing investors will be given opportunity to participate in this additional fundraising

* Placing price is expected to be C.4.5p. Source text for Eikon: Further company coverage:

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