Aminex plc (GB:AEX) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Aminex plc, an oil and gas company operating in Tanzania, has announced securing a $3 million funding facility from its principal investor, Eclipse Investments LLC. The facility is structured to provide an initial guaranteed tranche of $1.5 million, with the remainder at Eclipse’s discretion, and it can be offset against Aminex’s $35 million carry in the Ntorya development. This proactive financial move, arranged due to a slight delay in expected Ntorya gas revenues, underscores the company’s commitment to ensuring liquidity and supporting ongoing project developments.
For further insights into GB:AEX stock, check out TipRanks’ Stock Analysis page.