Further Institutional Funding

Echo Energy plc

("Echo Energy" or the "Company")

Further Institutional Funding

Further to the institutional loan with Greenberry plc announced on 15^th May, the Company is delighted to announce that the lender has purchased the further principal of €5,000,000 bringing the total debt facility to Euro 20,000,000.  

Greenberry plc is one of the Company's two cornerstone investors.

This positions the Company with circa £26M cash, once the various equity and debt transactions have completed.

 

For further information please contact:

 

Independent Resources / Echo Energy James Parsons, Chairman Greg Coleman, Chief Executive Officer

[email protected] [email protected]

ZAI Corporate Finance Limited - Nominated Adviser                           +44 (0) 20 7060 2220

John Treacy

Brandon Hill Capital Limited - Broker                                                  +44 (0) 20 3463 5000

Jonathan Evans / Oliver Stansfield

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").