Zoltav Resources: Update Re Transaction Between Shareholders
Zoltav, the Russia-focused oil and gas exploration and production company, has been notified of certain amendments to the terms of a transaction between two shareholders in the Company which was announced on 29 December 2020. As previously announced, ARA Capital Holdings Limited (“ARA Capital Holdings”) agreed to buy, and Bandbear Limited (“Bandbear”) agreed …
Zoltav Resources Inc.: Loan Agreement with ARA Capital Holdings Limited
Zoltav, the Russia-focused oil and gas exploration and production company, announces that the Company has entered into a loan agreement with ARA Capital Holdings Limited under which ARA Capital Holdings Limited has provided a revolving loan facility for up to US$9,000,000 (the “Loan”). ARA Capital Holdings Limited is the parent …