Centurion Closes Debt Facility with BNP Paribas
Centurion Energy International (TSX:CUX; AIM:CUX.L) has closed its new debt facility with BNP Paribas for US$215 million of debt capacity. This new debt facility has replaced the existing facility with Standard Bank plc, currently limited to US$100 million. Proceeds from the new debt facility will be used to repay existing outstanding debt, to support Centurion's continued investment in the development of its key gas producing assets in Egypt and fund further exploration activities.
Centurion is also pleased to announce that Canaccord Adams Limited has been appointed as a Broker and the Nominated Adviser (Nomad) to Centurion with immediate effect for the purposes of maintaining good standing and regulatory compliance with the AIM market of the London Stock Exchange.