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Weekly Round-Up
Black Rock Oil & Gas in advanced funding discussions
10 December 2008
Black Rock Oil & Gas has terminated takeover discussions with third parties in favour of pursuing advanced discussions with a potential investor regarding the possibility of an equity subscription.
In order to provide the Company with additional funds while discussions in relation to the proposed equity subscription referred to above are progressed, John Cubitt, a director of the Company, has made available an initial short term loan of £2,500 to the Company. The loan is unsecured and non-interest bearing and will be repaid as and when the Company secures new third party finance.
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