Jura Energy (TSE:JEC) has released an update.
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Jura Energy Corporation has secured a US$4.3 million debt financing agreement with a fixed interest rate of 11% per annum, having a three-year tenure. The capital acquired will bolster the company’s working capital and involves pledging shares of its wholly-owned subsidiaries as security. This strategic financial move aims to support Jura’s ongoing petroleum and natural gas operations in Pakistan.
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