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Shoal Point Energy ( (TSE:SHP) ) has shared an announcement.
Shoal Point Energy Ltd. has secured a revolving loan facility with its CEO, Mark Jarvis, allowing the company to borrow up to $150,000 as needed. This financial arrangement, secured by a first-ranking security interest in the company’s assets, provides Shoal Point with additional liquidity to support its operations amid ongoing legal challenges.
More about Shoal Point Energy
Shoal Point Energy Ltd. is a publicly traded company on the CSE exchange under the symbol ‘SHP’. The company is involved in a legal dispute with the government of Newfoundland and Labrador, seeking substantial damages for what it claims is a ‘de facto expropriation’ of its rights to develop oil and gas interests in western Newfoundland.
Average Trading Volume: 12,867
Technical Sentiment Signal: Hold
Current Market Cap: C$1.27M
For detailed information about SHP stock, go to TipRanks’ Stock Analysis page.