Victoria Oil & Gas to issue bonds worth up to $ 7.5 million

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Sabela Ojea

Victoria Oil & Gas PLC said on Friday that it entered into a loan agreement with Meridian Capital Ltd. to increase gross revenues to $ 7.5 million by issuing unsecured loans.

The London-based oil and gas company said proceeds from the facility will be used for working capital purposes, including the long-term construction of a proposed Matanda well in Cameroon.

Email Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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