StockMarketWire.com - Sirius Petroleum said it had secured an up to $20m loan from Africa-focused Bank Fund to cover the phase of its Ororo development in Nigeria.

The three-year facility would pay for costs related to the Ororo-2 and Ororo-3 oil well.

Interest as charged at 3-month Libor plus 10% and payable quarterly in arrears.


At 8:28am: [LON:SRSP] Sirius Petroleum PLC share price was +0.01p at 0.61p



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