SDX Energy (GB:SDX) has released an update.
SDX Energy announced an update regarding its convertible loan agreement with Aleph Finance Ltd, extending the repayment deadline to November 1, 2024, with a total payable amount of $3.82 million. The lender will provide approximately $4.5 million to cover the existing loan, and an additional $2 million will soon be available to SDX for investment in Morocco and other corporate expenses. This strategic financial move aims to bolster SDX’s capital expenditure and operational capabilities.
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