Trinity Exploration & Production pays down outstanding debt
Source - SMW
Trinity Exploration & Production said it has repaid all outstanding debt of $4.2m owed to Trinidad and Tobago's board of inland revenue and energy ministry.
Payment would allow the company to now repay the entire amount outstanding to the remaining holders of its convertible redeemable loan notes.
Trinity said it would on Friday begin the process of redeeming the notes, with completion of the redemption to occur on 15 August.
'Moving forward with a clean balance sheet and a strong inventory of growth opportunities means we look to the future with confidence and are ideally positioned to take advantage of future opportunities as the environment in Trinidad & Tobago evolves,' executive chairman Bruce A. I. Dingwall said.
At 8:20am: (LON:TRIN) Trinity Exploration Production share price was +0.48p at 16.4p