SDX Energy (GB:SDX) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into GB:SDX stock, check out TipRanks’ Stock Analysis page.
