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Update on receipt of funds from EER

RNS Number : 1083E
Brady Exploration PLC
04 April 2014
 



 

Immediate release                                                                             4 April 2014

 

                                                   Brady Exploration plc

("Brady" or the "Company")

 

Update on receipt of funds from EER

 

The Board is pleased to announce that further to its announcement on 22 January 2014, Brady has today received £50,000 in cash from Energy Equity Resources (Norway) Limited ("EER") in part payment of the total amount owed to it by EER. These funds will provide the Company with additional working capital.

 

The Board remains confident that the outstanding debt will be repaid in full albeit the exact timing of such repayment remains to be agreed.

 

Further announcements will be made in due course.

 

For further information on the Company, visit: www.bradyexploration.com or contact:

 

Alex Borrelli

 

Brady Exploration plc

Tel: +44 (0) 7747 020 600

 

 

 

Nick Naylor 

Nick Athanas

Michael McNeilly

 

Allenby Capital Limited

(Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 3328 5656

 

 

 

Jon Levinson

Lucy Williams

Peterhouse Corporate Finance

(Joint Broker)

Tel: +44 (0) 20 7469 0935

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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