Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, is pleased to announce the successful closing of the short term financing facility for up to US$ 15 million dollars, previously disclosed on 28 March 2014, with one of its current Senior Lenders of the Ethanol Business.
The short term financing will be primarily used to improve the working capital position of the ethanol business. The achievement of this short term financing facility is a key milestone in the overall financing plan of the Company for 2014. Disbursement of this financing is expected in next few days upon fulfillment of certain customary conditions for this type of transactions.
Guillermo Ferreyros Cannock, Chief Executive Officer, and Executive Director
Cenkos Securities plc (+ 44 131 220 6939)
Derrick Lee
Alan Stewart
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