Curzon Energy PLC (GB:CZN) has released an update.
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Curzon Energy PLC, a UK-based oil and gas company, is moving forward with a Company Voluntary Arrangement (CVA) to restructure and eliminate existing liabilities of over £3 million, with plans to raise capital through a new share issue. The company has conditionally raised £340,000.17 through Peterhouse Capital Limited, with detailed proposals available on their website and a general meeting scheduled for shareholder approval. Anticipated board changes include the appointment of Paul Forrest as Executive Director and Richard Glass as Non-Executive Director, alongside the resignation of John McGoldrick.
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