Gasol, the West African energy development company, announced that it has agreed terms with Banque Benedict Hentsch & Cie SA (BBH) for the rollover of its maturing convertible loan facility by one year to a new maturity date of 30 December 2013.
The revised terms of the BBH Facility comprise:
In consideration of the rollover, and the revised payment terms, Gasol is awarding BBH 240,000 warrants for subscription of up to 240,000 ordinary shares of Gasol at an exercise price of 30p per share. The warrants can be exercised in whole or in part at any time up to 7 January 2014.
[mappress] LNG World News Staff, January 09, 2013