US EditionPeninsula Energy Ltd. (ASX:PEN, OTCQB:PENMF) – US$15M Debt Facility Secured To Help Complete Lance Processing Facilities - Research Portal
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Peninsula Energy Ltd. (ASX:PEN, OTCQB:PENMF) – US$15M Debt Facility Secured To Help Complete Lance Processing Facilities - Research Portal
Peninsula Energy (PEN) announced that it has secured a two-year $15M debt facility to support the development and commissioning of its Lance project in Wyoming. We see this debt funding as slightly positive, though there are still uncertainties. PEN’s shares will remain halted until various matters are finalized, including the sales contract book, production guidance and equity financing. With the $15M debt and pending minimum $30M equity, we get
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