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BRIEF-Elk Petroleum Secures Up To A$4 Million From Republic Investment Management

Published 26/03/2019, 10:51 am
© Reuters.  BRIEF-Elk Petroleum Secures Up To A$4 Million From Republic Investment Management

March 26 (Reuters) - Elk Petroleum Ltd ELK.AX :

* SECURED UP TO A$4 MILLION IN FUNDING FROM REPUBLIC INVESTMENT MANAGEMENT (REPUBLIC), VIA AN UNSECURED SHORT TERM LOAN

* AGREED TO RECAPITALISATION PROPOSAL FROM SHAREHOLDER REPUBLIC THAT INCLUDES SHORT-TERM LOAN & PARTIALLY UNDERWRITTEN RIGHTS ISSUE

* SHORT-TERM LOAN AND A PROPOSED PARTIALLY UNDERWRITTEN RIGHTS ISSUE, TOTAL UP TO ABOUT A$15 MILLION

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