CLP has assisted Intex Resources ASA in securing a NOK 50 million convertible loan facility with connected warrants from Blue Ocean Advisors. The loan facility is intended to be used for further investments and development of new technology.
This type of loan facility is complex and seldom used in the Norwegian market. The use of the loan facility is subject to approval by the shareholders in a general meeting to be held on 27 October 2017.
Further information may be found here.